Facebook IPO start trading in Nasdaq May 2012,Facebook will release date may 2012, Facebook plans 2012, Facebook shares prices forecast may 2012 ; Investors finally have the answer to where Facebook Inc. will choose to list shares when the social media powerhouse starts trading this year. Say hello to NASDAQ: FB.Facebook had no comment as to why it chose Nasdaq. The news was reported in The New York Times citing a source speaking on anonymity.
Facebook plans to raise up to $5 billion in its initial public offering (IPO), which it filed for Feb. 1. It's expected to start trading in May.
Facebook has chosen to list its stock on the Nasdaq stock exchange for its highly anticipated initial public offering, according to a report in the New York Times.
The social networking company will list its stock under the ticker “FB,” according to the Times, which cites “people familiar with the matter.”
Facebook is widely expected to float its shares in May in an IPO that could value the company as high as $100 billion and be one of the largest technology IPOs ever. Facebook previously has stated in filings that it generated $3.71 billion in 2011 revenue, up 88% year-over-year from $1.97 billion, and net income was $1.0 billion, up 65% year-over-year from $606 million.
The Nasdaq OMX Group and New York Stock Exchange have been aggressively competing for new technology IPOs. So getting Facebook is a major win for Nasdaq, which has traditionally been well known for tech names such as Apple and Google. Nasdaq has grabbed hot companies such as Groupon and Zynga, but NYSE Euronext has picked up others such as Yelp, LinkedIn and Pandora.
Facebook recently filed a countersuit against Yahoo in a patent dispute, in response to Yahoo’s patent infringement lawsuit against Facebook.
While its IPO plans moving ahead, Facebook has been rolling out new products. In February, the Menlo Park, Calif.-based company at an event in New York City released new advertising products for brands, including new Timeline pages for brands.
Other products included an Offers program, a “Reach Generator” that enables brands to pay more to ensure that their posts get on 75% their fans’ News Feeds, and a Premium ad system that gives marketers the chance to post ads on new places such as the home page, News Feed and the log-out screen. Marketers and startups have been largely enthusiastic.
We’ve contacted Facebook for comment on the IPO news and will update with any response.
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