Facebook picks Nasdaq for IPO

zuck-ipo
Want to master the CMO role? Join us for GrowthBeat Summit on June 1-2 in Boston, where we'll discuss how to merge creativity with technology to drive growth. Space is limited and we're limiting attendance to CMOs and top marketing execs. Request your personal invitation here!

zuck-ipo

In preparation for its upcoming IPO, Facebook has chosen to list its shares on the Nasdaq stock exchange under the symbol “FB,” according to the New York Times.

Facebook will join many other high-profile tech companies like Apple, Google, Microsoft, and Amazon on the Nasdaq rather then the New York Stock Exchange, which successfully courted LinkedIn, Yelp, and Pandora in the past year. While fees would be similar on Nasdaq and NYSE, Facebook likely wanted to be listed on the exchange that is best-known for technology companies.

Many analysts are predicting Facebook will price its shares some time between May and August. In the run up to the company’s IPO, which will likely be one of the biggest ever, Facebook has been filing all sorts of paperwork, including a new S-1 that accounts for Yahoo’s patent lawsuit and personal docs concerning Mark Zuckerberg.


VentureBeat’s VB Insight team is studying email marketing tools. Chime in here, and we’ll share the results.