initial public offerings (IPOs) trading on American exchanges

Wednesday, May 23, 2012

Facebook looks to switch listing to NYSE

Facebook Inc. (FB) is looking to move its listing to the New York Stock Exchange in the wake of its rough $16 billion initial public offering on the Nasdaq exchange, according to media reports Wednesday. 

NYSE Euronext  (NYX) , which runs the New York Stock Exchange, reportedly denied it's discussed a listing-switch with the social-media company.

Facebook's trading debut was delayed by 30 minutes, with Nasdaq OMX Group (NDAQ) later saying problems getting trade confirmations to brokers were caused by previously undiscovered software glitches. The Securities and Exchange Commission and the Financial Industry Regulatory Authority are conducting their own reviews of the launch of Facebook's shares

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