Facebook Picks Nasdaq Over NYSE For IPO

In preparation for its upcoming IPO, Facebook has chosen to list its shares on the Nasdaq stock exchange under the symbol “FB”.

Facebook will join many other high-profile tech companies like Apple, Google, Microsoft, and Amazon on the Nasdaq rather then the New York Stock Exchange, which successfully courted LinkedIn, Yelp, and Pandora in the past year. While fees would be similar on Nasdaq and NYSE, Facebook likely wanted to be listed on the exchange that is best-known for technology companies.

According to the New York Times, Many analysts are predicting Facebook will price its shares some time between May and August. In the run up to the company’s IPO, which will likely be one of the biggest ever, Facebook has been filing all sorts of paperwork, including a new S-1 that accounts for Yahoo’s patent lawsuit and personal docs concerning Mark Zuckerberg.