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NYSE, Nasdaq Compete Over Facebook IPO

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  • Description

    FBN’s Charlie Gasparino on the competition between the NYSE and Nasdaq to list Facebook IPO.

  • Duration 4:08
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NYSE in -- -- over who gets to list that massive FaceBook IPO.

Is heating up it was already pretty -- -- IC is getting some advice on how to win this listing.

From none other that its former chairman Dick Grasso.

Charlie Gasparino other turning the -- finds -- we should point out that I was gonna tweet out some of the stuff about ten minutes ago but here's.

A technical glitch on Twitter I have -- to like cancer which bodes Witter's neither of us can -- rise -- terrible it's it's really bad it's I can't believe how much I'm.

-- -- Twitter these days with here's what we do know at the end of this month early next what the New York Stock Exchange is gonna make its pitch.

To the to the FaceBook executives Mark Zuckerberg who has presumably.

So long NASDAQ the other major expect exchange of -- to try to get that listing get the FB symbol on the exchange huge -- Global firms -- to change we should point out that the New York Stock Exchange.

Is not the favorite here the NASDAQ is that's where most of the big tech IPOs go.

But that's what's gonna happen they've -- at the New York Stock Exchange broadly is gonna make the pitch this is how -- the on the dog's gonna do.

Make the pitch that you're gonna be at a global exchange with the likes of GE.

What -- -- also -- saying the former New York Stock Exchange chairman.

By the way -- just -- -- -- as you know thrown out of the New York Stock Exchange but he's made amends -- Duncan Niederauer.

Here's the advice he's given Duncan Niederauer the NY SECO -- ago when they're stressed.

That FaceBook will be one of many names on the NASDAQ not a bad case to make think about it you're on the NASDAQ FaceBook -- behind apple.

-- ruled Microsoft Intel Intel.

FaceBook -- in New York Stock Exchange.

Well guess what we give you keys to the kingdom your number one.

You're not number four and it's an interesting thing I mean they will be the premier tech firm on the New York Stock Exchange.

And across always saying that's the big pitch we give you the keys and making them your number one here Europe may be number -- -- they have maybe amplify them by the way.

We have the floor -- gonna promote you we're gonna give you so much more than they're gonna give you.

Not before status Bill Gates you know with the things that aren't chambers you -- -- you're way behind them mr.

Zuckerberg.

You come on the floor of the New York Stock Exchange Mark Zuckerberg.

-- who.

Oh well that's why because lacrosse is that he -- everybody's.

-- -- than -- just -- over bodies left Texas Instruments everybody after spot everybody I'm I'm taking after you biopic and that is thank you Texas Instruments listed on the night -- for sixty years.

They just migrated over to -- how -- that would News Corp.

the parent of -- come back.

It hasn't admitted there's an interest -- case to be made listen -- -- for gold to the NASDAQ mainly it's cheaper.

Still when you talk about global brands.

I still think the newest stock exchange is a better global brand and what they could do I mean listen this is crosses pitched to them I don't care what ever is -- different story really don't care.

You know Brussels picture is pretty simple here's how -- -- after about a what you should point out.

That all the tech firms went to the NASDAQ in the early we began in the early 1980s because -- New York Stock Exchange didn't list IPO so that's why Microsoft and all those firms.

Went there they didn't at least IPOs and they were behind -- -- made some decent heavily bringing over tech firms.

And you know I will say they say is that what you want about Dick Grasso I think he was very good at his job below its agency made people -- -- bill but not more than that he was relentless salesman.

He got most of the big listings he brought -- -- the New York Stock Exchange he stole listings from NASDAQ.

And this is -- the master is Alan Duncan Niederauer article after it.

Make it like you know FaceBook is one of many over there they will be King of the Hill over here.

Right well listen there's nothing like going down to the floor at the New York Stock Exchange it's a -- it's historic it's an incredible but I I've run the -- both -- standing there with that NASDAQ board behind you and your name on it that's a big -- to for a lot of the NASDAQ -- no offense is like.

-- in a chair.

At a holy crazy that I think.

There aren't -- out I don't know -- on top of that.

That should can't when you when you ring the -- which by the way he's like personal -- I'm not gonna -- -- -- -- -- -- it's like -- it's like if you -- the electronic thing with the fifty million -- certainly it would look at getting yelled -- got to -- thanks Charlie if -- break at a.

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