Talk about a face-off.
Bitter rivals Duncan Niederauer’s New York Stock Exchange and Robert Greifeld’s Nasdaq are locked in a heated battle for Facebook’s listing when the privately held social-networking giant attempts to raise an eye-popping $10 billion in stock in the coming weeks, The Post has learned.
The prospect of a Street-fueled mega billion dollar IPO is taking Mark Zuckerberg’s Facebook to even greater heights.
For either exchange platform, winning a Facebook listing — the most anticipated tech IPO since Google went public in 2004 by selling $1.7 billion in stock — could jump- start an equity market that has been hamstrung by the European fiscal crisis.
Equity-trading volumes this month are down 16 percent from last January with an average 6.8 billion shares changing hands daily — the lowest volume since 2008, according the data from the Tabb Group.
But more importantly, a Facebook listing could add much-needed panache to one of the exchanges — both of which have been struggling to beef up their Street cred.
Read more: http://www.nypost.com/p/news/business/not_so_friendly_ChdwVK0UaV1krE1J3k0Fo
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