Email this
Print this
‘ +
google_ads[0].line1 + ‘ : ‘ +
google_ads[0].line2 + ‘ ‘ +
google_ads[0].line3 + ‘
‘ +
google_ads[0].visible_url + ‘‘;
} else if (google_ads.length 1) {
s += ‘Ads by Google
‘
/*
* For text ads, append each ad to the string.
*/
for(i = 0; i ‘ +
google_ads[i].line1 + ‘ :’ +
google_ads[i].line2 + ” +
google_ads[i].line3 + ‘
‘ +
google_ads[i].visible_url + ‘
‘;
}
}
}
if (google_ads[0].bidtype == “CPC”) { /* insert this snippet for each ad call */
google_adnum = google_adnum + google_ads.length;
}
document.write(s);
return;
}
/* custom_468x60_storypage, created 11/23/10 */
google_ad_client = ‘pub-1723933259695999’; /* substitute your client_id (pub-#) */
google_ad_slot = ‘0944360174’;
google_ad_output = ‘js’;
google_max_num_ads = ‘1’;
google_ad_type = ‘text_html’;
google_image_size = ‘600×15’;
google_feedback = ‘on’;
google_skip = google_adnum; /* to skip for multiple units, insert this snippet for each ad call */
// —
Facebook Inc is considering a stock-listing proposal put forward by the New York Stock Exchange, a source familiar with the situation told Reuters, in the wake of a disappointing initial public offering last week on the rival Nasdaq bourse.
Facebook has exchanged phone calls and emails with NYSE Euronext and are considering their pitch, the source said without elaborating on specifics.
The exact details of the NYSE’s pitch to Facebook could not immediately be learned. Bloomberg cited a source as saying the proposal involved Facebook switching its listing from the Nasdaq. But NYSE Euronext said it had held no such discussions with the company.
“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 US exchange said in a statement.
Facebook and the banks that took it public, including Morgan Stanley, face questions over a $16 billion IPO that culminated in a Nasdaq debut plagued by technical glitches. The debut, on May 18, was pushed back half an hour and later led to delays in order confirmations, frustrating traders.
Facebook’s shares have fallen more than 15% from their $38 IPO price to a close of $32 on Wednesday.
Tensions have arisen between Facebook and the Nasdaq – the preferred home for most technology companies – since the troubled Friday opening.
Analysts say the NYSE could take advantage of the botched coming-out party as it battles the tech-laden Nasdaq for high-profile IPOs.
Still, switching exchanges so soon after an IPO would be highly unusual, said Morningstar analyst Gaston Ceron. He noted that only a very small number of companies every year switch the exchanges that they are listed on.
“It would sound like a very unusual development if they were to switch so quickly, but then again this is an unusual IPO,” said Ceron.
On Wednesday, shareholders filed a lawsuit against the No. 1 social network and its lead adviser, accusing them of hiding the company’s weakened growth forecasts ahead of the IPO, which rivals General Motors as the second-largest US debut.
A Facebook spokesman declined to comment. Nasdaq representatives were not immediately available.
<!–
–> © Thomson Reuters 2012,Click for Restrictions.
Other Stories
–
Markets open firm, OMCs gain
–
Rupee drops to new low of 56.12/dollar
–
Tech Mahindra surges on strong Q4 earnings
–
OMC gain on a record petrol price hike
–
Mahindra Mahindra taps Korean arm to crack China
<!–
More
rr –>
Advertisements
– Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.– Journey on, We are by Your Side. Click here to know more– – 2 Lac Apartments, 1 Lac House / Plots. Click here– Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.– The Best Seller is Also the No. 1 in Mileage. Click here– Watch The Film Here. Click here to know more..– Leader in Passenger Car Automobile Tyres. Click here– 1 billion in saving for Unilever without any tangles.– Learn How One City is Running on FOOD SCRAPS.– Helping doctors detect diseases earlier, saving costs extending lives.– 36 Lakhs can get you a pool of Luxuries. Click here– Which is the best plan for your daughter– Check out the TRUE COLOURS of your Stocks, Now for FREE!– One of the leading business schools in the world.Know More