Facebook will be traded on Nasdaq under the ticker symbol "FB," according to a report.
Citing "a person familiar with the matter," The New York Times reports that Nasdaq won a battle with the New York Stock Exchange for Facebook. Nasdaq is home to Apple, Google and others, but NYSE scored wins last year when LinkedIn and Pandora Media allowed their stocks to be traded there.
Facebook could not be reached for comment on the report. The social networking giant is reported to be preparing its $5 billion IPO for May. If Facebook manages to raise this capital, it will be on a shortlist of the biggest tech IPOs of all time.
The company was also said to halt the trading of its shares in secondary markets SharesPost and SecondMarket last week. Facebook filed its initial prospectus with the SEC for the IPO in February.
Bonus: How the Social Media IPOs of 2011 Fared
1. Yandex (YNDX) -20.8% from its IPO Price
Yandex, a Russian search engine, raised $1.3 billion when it went public in May, making it the biggest social media IPO of the year.
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Thumbnail image courtesy of Katrina.Tuliao and Crunchies2009 via Flickr
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