Wednesday, May 23, 2012

Too Funny: Facebook Considering NYSE's Listing Pitch (NDAQ; NYX; FB)

From Reuters via Yahoo:
Facebook is considering a stock-listing proposal put forward by the New York Stock Exchange, a source familiar with the situation told Reuters, in the wake of a disappointing initial public offering last week on the rival Nasdaq  bourse.

Facebook is mulling the pitch by NYSE Euronext, the source said without elaborating on specifics.

Facebook and the banks that took it public, including Morgan Stanley, face questions over a $16 billion IPO that culminated in a Nasdaq debut plagued by technical glitches. The debut, on May 18, was pushed back half an hour and later led to delays in order confirmations, frustrating traders....MORE