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Facebook picks Nasdaq over NYSE for listing


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Facebook picks Nasdaq over NYSE for listing

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 kbit 
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(Reuters) - Facebook Inc, which is preparing what would be Silicon Valley's largest IPO, has picked [COLOR=#0000ff]Nasdaq[/COLOR] over the New York Stock Exchange for its listing, handing an important victory to the technology-laden bourse, a source familiar with the situation said on Thursday.

The world's largest social network, with more than 800 million users, is aiming to raise $5 billion or more in a landmark coming-out party currently expected in May.

Its listing selection deals a blow to NYSE Euronext, which has waged an aggressive battle for marquee tech names in past years. The older U.S. exchange snagged LinkedIn Corp and Pandora Media Inc in 2011.
A spokesman for Facebook declined to comment. Nasdaq OMX Group Inc and the NYSE also declined to comment.


Facebook picks [AUTOLINK]Nasdaq[/AUTOLINK] over [AUTOLINK]NYSE[/AUTOLINK] for listing: source | Reuters

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