Facebook chooses Nasdaq for debut listing

Facebook Inc. has picked Nasdaq over The New York Stock Exchange for its listing. This is seen as a major victory for Nasdaq over the NYSE, which already has wide portfolio of technology driven companies such as Linkedin Corp and Pandora media.

Facebook Inc’s listing will equate to a comparably small amount of money for the Nasdaq listing, but it will most certainly add to Nasdaq’s bragging rights. Facebook Inc will add to Nasdaq’s already considerable portfolio of tech-companies. Nasdaq already has companies listed such as Apple Inc and Google Inc.

Facebook is looking to raise and additional $5 billion or more from the IPO which is expected to start in May.

An IPO has been anticipated for years and is now whipping up into a frenzy comparable to the dot com go go days of the 90’s. The social network started out as a dorm room project from the now famous Harvard dropout, Mark Zuckerberg. It is now considered to be one of Silicon Valley’s top tier companies.

Listing fees for Nasdaq range from $35,000 to $99,5000 compared to the New York Stock Exchange, which ranges from $38,000 to $500,000.

In 2011, NYSE Euronext hosted 44% of technology initial public offers in the US and added 19 new listings to the market. The NYSE also ranked first in the world when considering  IPO proceeds raised.

Like it? Share it!

Leave A Response