Facebook goes with Nasdaq for IPO
Facebook will join other big tech firms like Google, Microsoft, and Apple by trading on the Nasdaq exchange.
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Paul Sloan is editor in chief of CNET News. Before joining CNET, he had been a San Francisco-based correspondent for Fortune magazine, an editor at large for Business 2.0 magazine, and a senior producer for CNN. When his fingers aren't on a keyboard, they're usually on a guitar. Email him here.
While Facebook has been battling Yahoo over patents on the West coast, the New York Stock Exchange and the Nasdaq have been battling for Facebook's business on the East.
The winner is reportedly the Nasdaq, which has long been home to high-tech public companies. The stock will trade under the ticker, FB, The New York Times is reporting.
The Nasdaq built its business by housing some of the biggest names in high-tech -- Microsoft, Apple, Google and Intel among them -- but the NYSE has been aggressively trying to lure new issues. Last year, for instance, it landed LinkedIn and Pandora Media.
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