SAN FRANCISCO (Reuters) – Facebook Inc, preparing what would be Silicon Valley’s largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden U.S. bourse, a source familiar with the situation said on Thursday. One of the most coveted stock listings in recent years, Facebook’s choice of its future exchange translates into a relatively small sum in annual listing fees. But it bestows major bragging rights on Nasdaq OMX Group Inc, already home to the likes of Apple Inc and Google Inc. A spokesman for Facebook declined to comment. …
See the article here: Facebook picks Nasdaq for marquee listing: source
