(Image source: Digital Trends)
 

BY EVAN THOMAS
ANCHOR JIM FLINK

 

Facebook is one step closer to going public. The New York Times reports Facebook is headed to the Nasdaq, to trade under the rare two-character ticker symbol FB.

The news comes from anonymous sources, as the discussion hasn’t yet officially gone public. Facebook is the latest and biggest tech IPO Nasdaq has attracted so far, and it would be the single largest offering in the exchange’s history.

“It is a significant coup for the exchange, which has been embroiled in a battle with the New York Stock Exchange for the darlings of Silicon Valley.”

Facebook could be Nasdaq’s crown jewel, alongside seven of the ten biggest tech companies, with names like Apple and Google. But analysts on CNBC suggest the host exchange won’t matter much to investors.

“To investors, three letter ticker, four letter ticker, it’s all the same.”


“You push a button. It doesn’t matter. You push a button and it goes someplace and it really doesn’t matter if it’s Nasdaq or NYSE.”

But, as ZDNet points out — just by doing business, Facebook means good business for its host.

“That’s because winning a Facebook listing could jump-start an equity market for either exchange platform. Most importantly, it could mean a boost of their reputation on Wall Street.”

That is, as long as Facebook keeps up its good performance. Bloomberg explains.

“There’s a lot of money to be made on the trading volume of these companies once they’re there. Because of the size that we’re talking about with Facebook, if the company should maintain that size for years to come, it’s going to mean a lot of trades on the Nasdaq.”

Size -- volume. Some critics say Nasdaq has a few big fish -- and a ton of small ones.
The Wall Street Journal points out, Facebook’s listing could make the Nasdaq even more top-heavy.

“As it is, Apple’s already 16 percent of the Nasdaq 100. Add Facebook in there and you’ve basically got two names that could really dictate the course or the direction of those indexes this year.”

Market impact won’t be seen until May at the earliest. That’s when Facebook is rumored to begin trading.

Facebook Headed to Nasdaq

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Apr 6, 2012

Facebook Headed to Nasdaq

(Image source: Digital Trends)
 

BY EVAN THOMAS
ANCHOR JIM FLINK

 

Facebook is one step closer to going public. The New York Times reports Facebook is headed to the Nasdaq, to trade under the rare two-character ticker symbol FB.

The news comes from anonymous sources, as the discussion hasn’t yet officially gone public. Facebook is the latest and biggest tech IPO Nasdaq has attracted so far, and it would be the single largest offering in the exchange’s history.

“It is a significant coup for the exchange, which has been embroiled in a battle with the New York Stock Exchange for the darlings of Silicon Valley.”

Facebook could be Nasdaq’s crown jewel, alongside seven of the ten biggest tech companies, with names like Apple and Google. But analysts on CNBC suggest the host exchange won’t matter much to investors.

“To investors, three letter ticker, four letter ticker, it’s all the same.”


“You push a button. It doesn’t matter. You push a button and it goes someplace and it really doesn’t matter if it’s Nasdaq or NYSE.”

But, as ZDNet points out — just by doing business, Facebook means good business for its host.

“That’s because winning a Facebook listing could jump-start an equity market for either exchange platform. Most importantly, it could mean a boost of their reputation on Wall Street.”

That is, as long as Facebook keeps up its good performance. Bloomberg explains.

“There’s a lot of money to be made on the trading volume of these companies once they’re there. Because of the size that we’re talking about with Facebook, if the company should maintain that size for years to come, it’s going to mean a lot of trades on the Nasdaq.”

Size -- volume. Some critics say Nasdaq has a few big fish -- and a ton of small ones.
The Wall Street Journal points out, Facebook’s listing could make the Nasdaq even more top-heavy.

“As it is, Apple’s already 16 percent of the Nasdaq 100. Add Facebook in there and you’ve basically got two names that could really dictate the course or the direction of those indexes this year.”

Market impact won’t be seen until May at the earliest. That’s when Facebook is rumored to begin trading.

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