Word is that Facebook is shooting for a $5 billion IPO in May, and now we know which exchange host it.

The New York Times is reporting, citing “people with knowledge of the matter,” that Facebook has chosen NASDAQ for its IPO, and will ist under the ticker symbol FB. According to the report, Facebook has already notified the exchanges.

CNBC appears to confirm the news separately:

Groupon, whose stock just hit an all-time low, also trades on the NASDAQ as does long-time Facebook partner Zynga, and other major tech companies like Google, Apple, Microsoft, Amazon, Intel and Yahoo. Other recent high profile IPOs like Yelp, Pandora and LinkedIn have gone to the NYSE.

Watch our recent interviews with analysts about the implications of the IPO: