NASDAQ will compensate firms because of the problems with Facebook’s initial public offering in May 2012. Firms, which qualified for compensation had time until 23rd December to agree not to sue NASDAQ over the IPO in order to receive this compensation. According to NASDAQ  $41.6 million in claims qualified for compensation, although market analysts say firms lost approx. $500 million. Firms lost money, because NASDAQ’s system during IPO prevented timely order confirmations for many traders. Firms that qualified for compensation will receive the money on 31st December.

 

Via: reuters

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