Facebook May Hop From NASDAQ to NYSE

by Sam Reynolds | Culture

According to sources that have spoken to both Bloomberg and Reuters, the troubled IPO last week may have Facebook mulling a jump to the NYSE from NASDAQ.

If these sources are to be believed, officials from NYSE Euronext pitched the idea to Facebook. Facebook, apparently, has been receptive to the idea and has exchanged phone calls and emails with NYSE Euronext officials.

However, NYSE Euronext has adamantly denied that any discussions had taken place.

"There have been no discussions with Facebook regarding switching their listing in light of the events of the last week, nor do we think a discussion along those lines would be appropriate at this time," the exchange said in a statement.

Earlier this week Facebook found itself hit with a class action lawsuit, as a group of investors has alleged that the company hid weakened growth results ahead of its IPO. The SEC is also launching an investigation—separate from this lawsuit—into Facebook’s IPO.

Toronto, Ontario, Canada

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Sam Reynolds

Sam Reynolds

Sam Reynolds is the News Editor of Hardware Canucks, and a Vancouver-based freelance technology writer. more

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