Facebook IPO: According to a source familiar with the matter, Facebook will formally launch its IPO (initial public offering) in the May, and this stock will be traded on the NASDAQ under the symbol “FB.”
Facebook has informed the Exchange and decided to list on the NASDAQ. Morgan Stanley, JP Morgan Chase, Goldman Sachs are working as the Facebook IPO’s lead underwriters. Read the related article about Facebook IPO’s underwriters.
Industry insiders also projected Facebook will go public next month, which will become the largest amount of IPO since the Google IPO in 2004. Facebook is valued at approximately $100 billion now. Read the related article about valuation on Facebook.