Battle For Facebook Listing: NASDAQ or NYSE ?
No doubt the Initial Public Offering of Facebook stock is the most anticipated since Google went public. With equity-trading volume’s down for both platforms, the NASDAQ and the NYSE are in a battle to win the listing.
Securing Facebook could have a synergistic effect for the winner platform however it is doubtful that it will significantly change listing revenues at either exchange. According to insiders on Wall Street, Facebook could file IPO documents with regulators as soon as March. Sources also report that Facebook has already reserved their ticker symbol as “FB”.
CFO David Ebersman and other prominent members of Facebook’s staff have already heard from both exchange platforms on the merits of choosing one versus another but no decisions have yet been made. As their campaigns push forward I’m sure we’ll hear a decision from Facebook soon.