According to its updated SEC filing, Facebook will be joining the NASDAQ stock exchange in the coming weeks with the ticker ‘FB’.
Although an official listing date has yet to be announced, sources familiar with the matter have told Reuters and Bloomberg that the IPO and listing will take place on May 17.
In an updated filing on the SEC’s website, the company said its revenue for the three months of the year (ending March 31, 2012), was $1.06-billion — 45% jump over the US$731-million the company generated during the same time period last calendar year.
While the company reported that revenue was up, profit dropped from the quarter a year ago, from $233 million to $205 million.
The company also noted that growth had slowed to 33% from 39% the year prior.
Also of interest was the note on the SEC filing that Facebook’s acquisition of Instagram was subject to regulatory anti-trust approval. There is a possibility that Facebook’s $1 billion deal could be nixed if U.S regulators believe that the acquisition would give Facebook too much control of the social networking market.