(NEW YORK) — As it readies for its initial public offering, Facebook has reportedly chosen a stock exchange to list its shares.
Citing people familiar with the matter, the Wall Street Journal says the social media network will go with Nasdaq and will trade under the symbol FB. Shares are expected to go on sale as early as next month.
Facebook filed papers online with the Securities and Exchange Commission in February to raise at least $5 billion and begin selling stock this spring. The IPO is regarded as the year’s most widely anticipated one.
Copyright 2012 ABC News Radio
Kathryn Vasel, CNN
Magdala Louissaint, KPVI