Facebook Inc. (FB) plans to list its shares on the Nasdaq Stock Market, further cementing the exchange’s position as the favored venue for the biggest U.S. technology companies, a person with knowledge of the matter said yesterday. The person declined to be named because the discussions are private. The social media giant spurned the New York Stock Exchange, whose stocks have a market value about triple that of Nasdaq’s companies...
The two biggest American exchange operators are rivals for virtually every IPO in the country and competed for Facebook, which filed for a $5 billion initial public offering on Feb. 1. Winning the IPO would mean more fees, a boost in trading revenue and the chance to link an exchange’s brand with the largest social-networking website in the world….
Read all about it at http://www.bloomberg.com/news/2012-04-06/facebook-to-nasdaq-gives-ceo-greifeld-a-victory-over-nyse.html
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