The speculation of earlier this week was confirmed: Facebook will be added to the Nasdaq 100 Index next week, as Nasdaq parent Nasdaq OMX Group announced that the social network’s stock will replace Infosys on the index before the start of trading Dec. 12.
Facebook is likely the next company in line to be added to the Nasdaq 100 Index, as CNBC pointed out that the social network is currently the company with the largest market valuation listed on Nasdaq that is not part of the index, and adding that a spot will open Dec. 12, when information-technology-services company Infosys leaves Nasdaq for the New York Stock Exchange.
The New York Stock Exchange pounced in an attempt to take advantage of rival exchange Nasdaq’s issues with Facebook’s initial public offering last Friday, with parent company NYSE Euronext reportedly in talks with the social network.
As Facebook’s initial public offering approaches, it appears that Nasdaq has beaten out the New York Stock Exchange as the listing destination for the stock, which will trade under the “FB” ticker.
There is no shortage of speculation and rumors about Facebook’s upcoming initial public offering, some of it plausible, some of it not so much.