One of the most popular stock listings in current years, Facebook’s choice of its future exchange translates into a comparatively small sum in annual listing fees. Although, it bestows main bragging rights on Nasdaq OMX Group Inc, already home to the likes of Apple Inc and Google Inc.
A spokesman for Facebook refused to comment. Nasdaq OMX and the NYSE also refused to comment.
The world’s major social network, with over 800 million users, is intended to raise $5 billion or more in IPO expected in May.
The social network that starts as a dorm room project for Harvard dropout Mark Zuckerberg has vaults to Silicon Valley’s top tier within 8 years. Its listing decision deals a blow to NYSE Euronext, which has waged a destructive battle for marquee tech names in past years.
Listing fees array from $38,000 to $500,000 a year on the New York Stock Exchange, and run between $35,000 and $99,500 a year on Nasdaq.