The world's largest social network, with more than 800 million users, is aiming to raise USD 5 billion or more in a landmark coming-out party currently expected in May.
Its listing selection deals a blow to NYSE Euronext , which has waged an aggressive battle for marquee tech names in past years. The older US exchange snagged LinkedIn Corp and Pandora Media Inc in 2011.
A spokesman for Facebook declined to comment. Nasdaq OMX Group Inc and the NYSE also declined to comment.