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Facebook (FB) picks NQ over NYSE for IPO listing

post #1 of 9
Thread Starter 

Let's see what kind of weight they give ~100B to the Qs when this IPO debuts.

 

http://www.reuters.com/article/2012/04/05/us-facebook-nasdaq-idUSBRE83410W20120405

 

 

(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)

post #2 of 9

$1B payed for Instagram, they are already spending that IPO money!

post #3 of 9

FB should just buy Twitter too.  Control the entire social media space.  Then for fun, do a hostile takeover for Zynga games.  And while they are at it, celebrate by burning some cash because their ever growing "user-base" is at an all time high!  As long as there are hundreds of millions of users, who cares about revenues and eps.

post #4 of 9

Heck while they are at it just buy every website in the world. I mean there is no way for facebook to fail.... right?

post #5 of 9
Quote:
Originally Posted by Stuie View Post

Heck while they are at it just buy every website in the world. I mean there is no way for facebook to fail.... right?



Correct, they can never fail. biggrin.gif

 

 

 

post #6 of 9

too big to fail

post #7 of 9

i didnt know you could pick.. but tech goes with tech.. the main tech .. eh.

 

Lets just shove all the heavy weights to one side of the see-saw and see what happens.

If enough of these companies get big, they will have to move listings.

post #8 of 9

will regular investors like me be able to get some fb shares on fb's first day on stock market?

 

if not, when will we be able to buy some?

post #9 of 9

you can buy it.. you just cant short it for 5 days.

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