Apr 07, 2012, 10.57 AM | Source: Reuters
Facebook Inc, which is preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing.
The world's largest social network, with more than 800 million users, is aiming to raise USD 5 billion or more in a landmark coming-out party currently expected in May.
Its listing selection deals a blow to NYSE Euronext
A spokesman for Facebook declined to comment. Nasdaq OMX Group Inc