Facebook has filed paperwork with the Securities and Exchange Commission for a $5 billion IPO. The offering is being led by Morgan Stanley, Goldman Sachs , JPMorgan , Bank of America , Barclays, & Allen & Company. A total of 31 banks are advising on the deal.

Spokespeople from Facebook and NYSE declined to comment on the decision. Nasdaq has declined to comment as well.

email: tech@cnbc.com

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