Facebook Picks NASDAQ For IPO Under FB Symbol

Posted Apr 5, 2012

Facebook has officially picked the Nasdaq for their initial public offering. They will trade under the symbol “FB” according to sources with The New York Times. Facebook will be joining other tech giants like Google, Apple, and Microsoft on the Nasdaq. Facebook’s IPO is expected to be the largest offering since Google’s debut in 2004 and is expected to hit a valuation as high as $100 billion. Morgan Stanley, J.P. Morgan, and Goldman Sachs are leading the I.P.O.