Facebook Picks NASDAQ Over NYSE For IPO

According to The New York Times, Facebook has picked the NASDAQ to list its shares in the company's upcoming IPO in May. This is a huge win for the exchange, which has been battling the New York Stock Exchange for tech company listings over the past year. Facebook, which will list its shares under the symbol FB, is set to be the largest public offering since Google, reports The New York Times' Evelyn Rusli. And Facebook could be valued as high as $100 billion in the IPO.

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