Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc’s botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday. Nasdaq said previously it would pay up to $41.6 million in claims to market participants that […]
Tag: NASDAQ
Nasdaq fails to win dismissal of Facebook IPO lawsuit
A federal judge has rejected Nasdaq OMX Group Inc’s bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc’s $16 billion initial public offering, a decision released on Monday shows. Nasdaq had argued that its status as a self-regulatory organization (SRO) gave it immunity from […]
Nigeria’s Exchange Now Live on X-Gen Trading Platform
The Nigerian Stock Exchange (NSE) has successfully rolled out its potentially fastest trading platform in Africa, X-GEN. This is a historic milestone for the capital market community and will reinforce Nigeria’s position as a regional financial center. The delivery of the new age technology serves as a testimony that the […]
