Let's see what kind of weight they give ~100B to the Qs when this IPO debuts.
(Reuters) - Facebook Inc, which is preparing what would be Silicon Valley's largest IPO, has pickedNasdaq over the New York Stock Exchange for its listing, handing an important victory to the technology-laden bourse, a source familiar with the situation said on Thursday.
The world's largest social network, with more than 800 million users, is aiming to raise $5 billion or more in a landmark coming-out party currently expected in May.
Its listing selection deals a blow to NYSE Euronext, which has waged an aggressive battle for marquee tech names in past years. The older U.S. exchange snagged LinkedIn Corp and Pandora Media Inc in 2011.
A spokesman for Facebook declined to comment. Nasdaq OMX Group Inc and the NYSE also declined to comment.
(Reporting By Alistair Barr and Olivia Oran; Editing by Gerald E. McCormick)