Facebook stock approved for listing on the Nasdaq

Facebook stock approved for listing on the Nasdaq

Summary: Facebook is expected to go public this week and start trading under the "FB" ticker at a price range between $28 and $35. The SEC has approved the company's stock for trading on the Nasdaq.

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Yet another Facebook document has just been published with the U.S. Securities and Exchange Commission (SEC). This time, it's the company's FORM 8-A, which confirms that Facebook's stock has been registered and approved for listing on the Nasdaq.

Here's the relevant excerpt:

Facebook, Inc. (the "Registrant") hereby incorporates by reference the description of its Class A common stock, par value $0.000006 per share, to be registered hereunder contained under the heading "Description of Capital Stock" in the Registrant's Registration Statement on Form S-1 (File No. 333-179287), as originally filed with the Securities and Exchange Commission (the "Commission") on February 1, 2012, as subsequently amended (the "Registration Statement"), and in the prospectus included in the Registration Statement to be filed separately by the Registrant with the Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended, which prospectus shall be deemed to be incorporated by reference herein.

The Registrant's Class A common stock to be registered hereunder has been approved for listing on the NASDAQ Global Select Market of The NASDAQ Stock Market LLC under the symbol "FB."

Over the last few months, a vicious Facebook war was raging between Duncan Niederauer's New York Stock Exchange (NYSE) and Robert Greifeld's Nasdaq. Last month, a rumor suggested Facebook ended up picking the Nasdaq. This was later confirmed by Facebook in its IPO filing update.

Facebook is offering 180 million shares of its Class A common stock and the selling stockholders are offering 157.42 million shares of Class A common stock. Facebook co-founder and CEO Mark Zuckerberg will personally sell 30.2 million shares for the IPO. Despite this, he will still control the majority of the company: 57.3 percent of voting shares after the IPO. The company has set a $28 to $35 IPO price range, but many expect Facebook will raise it as the final date draws closer.

Facebook is widely expected to start trading this week under the "FB" ticker. Many believe this Friday is the big day; shares will be priced on May 17, with trading beginning on May 18. This rumor will have to beat out another one, which says there could be a delay.

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Topics: Banking, Enterprise Software, Social Enterprise

Emil Protalinski

About Emil Protalinski

Emil is a freelance journalist writing for CNET and ZDNet. Over the years,
he has covered the tech industry for multiple publications, including Ars
Technica, Neowin, and TechSpot.

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