| Facebook Coming to Nasdaq With the Ticker 'FB' [REPORT] - Mashable Apr 5th 2012, 18:20  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
View As Slideshow » 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. 
Zynga raised about $1 billion in its December IPO, but shares fell on the first day, leading some to question whether the social media IPO bubble had burst. 
Say what you will about Groupon, the company's stock is currently trading above its IPO price. Image courtesy of Flickr, Groupon. 
5. LinkedIn (LNKD) +37.2% One of the highlights of the year for social media IPOs, LinkedIn's stock price surged on its first day and has held on to much of those gains since May. Image courtesy of Flickr, Adriano Gasparri. 
6. Bankrate (RATE) +36.5% The personal finance website operator is another success story. 
8. HomeAway (AWAY) -14.8% Online vacation-rental website HomeAway is down since its June IPO. 
9. 21Vianet Group (VNET) -39.7% Chinese Internet data center service provider 21Vianet Group raised $195 million in April and then saw a steep decline in its stock price. 
10. Qihoo 360 Technology (QIHU) +17.9% China's number three Internet company is still doing well despite pricing its shares above their proposed range in March. 
11. Tudou Holdings (TUDO) -63.6% Another poor performer, Chinese Internet company Tudou is way down from its August debut. 
12. Jive Software (JIVE) +27.9% Jive benefited from a late-in-the-year (December) IPO, but so far the stock price for the company, which helps businesses communicate using Facebook-style tools, is up from its IPO price. 
13. Demand Media (DMD) -59.8% Online content creator Demand opened well in January, but is way down since then. 
14. Phoenix New Media (FENG) -51.9% The Hong Kong-based Phoenix raised $140 million in its May IPO. 
15. Angie's List (ANGI) +26% Another latecomer, consumer review website Angie's List, is doing well since going public in November. 
16. Jiayuan.com International (DATE) -45.6% Another victim of Chinese IPO fatigue, Jiayuan's shares fell 4.4% on its first day of trading in May. 
Zillow, which provides prices for real estate, did well in its June IPO and looks to finish 2011 up as well. 
18. Carbonite (CARB) +11.2% Carbonite, a data backup firm, had a successful IPO in August, a brutal month for the market. 
19. FriendFinder (FFN) +0.7% FriendFinder, the publisher of Penthouse magazine and operator of websites like AdultFriendFinder.com and Cams.com, went public in 2011 after backing out from an IPO the year before. 
Thumbnail image courtesy of Katrina.Tuliao and Crunchies2009 via Flickr This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks. | |
No comments:
Post a Comment