Facebook plans to list its shares on the tech-heavy Nasdaq stock market, a blow to the rival New York Stock Exchange, which had fought for the listing.
Facebook, which is on the verge of what could be a $100-billion initial public stock offering, is considered the hottest stock listing in years. Facebook filed Feb. 1 for the largest and one of the most hotly anticipated Internet IPOs in years. Facebook shares have soared in trading on the secondary markets.
A Facebook spokeswoman declined to comment, as did a spokesman for the NYSE. Joseph Christinat, a Nasdaq OMX spokesman, didn’t respond to a request for comment.
Nasdaq plans to give Facebook a rare two-digit ticker “FB,” said Sam Hamadeh, chief executive of PrivCo. Hamadeh said he confirmed that Facebook would list on Nasdaq with two sources close to the deal whom he declined to name.