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Facebook Chooses to List on Nasdaq: Reports

Facebook's response has been added to this story.

MENLO PARK, Calif. ( TheStreet) -- Facebook, which is gearing up for its much-hyped IPO, has chosen the Nasdaq over the New York Stock Exchange for its listing, according to multiple media reports.

Citing an unnamed source, CNBC said that Facebook will trade on the tech-heavy Nasdaq exchange under the ticker symbol 'FB.'

Facebook will trade on the Nasdaq, according to media reports.

Nasdaq OMX (NDAQ), the parent company of the Nasdaq exchange, has not yet responded to TheStreet's request for comment on this story. Facebook and the New York Stock Exchange both declined to comment.

The Menlo Park, Calif.-based firm, which hopes to raise $5 billion from its IPO, is expected to go public in mid-May in the largest-ever tech offering.

Facebook amended the registration statement for its IPO last month to reflect a lawsuit filed by Yahoo! (YHOO).

-- Written by James Rogers in New York.

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