The NASDAQ exchange was said to beat out its rival New York Stock Exchange, which also bid for the listing.
Facebook filed for the initial public offering on Feb. 1. It said at the time it was looking to raise some $5 billion.
Morgan Stanley, J.P. Morgan and Goldman Sachs are underwriting the deal, according to the papers filed with the U.S. Securities and Exchange Commission.
The company had revenue of $3.7 billion in 2011, compared to $2 billion in 2010, according to the filing documents.
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This story, "Facebook selects NASDAQ for listing, report says" was originally published by Computerworld.