Technology content trusted in North America and globally since 1999
8,485 Reviews & Articles | 65,424 News Posts

NASDAQ to pay out just $62m to investors who lost an estimated $500m in Facebook IPO

NASDAQ to pay out $62 million in compensation to affected investors involved in Facebook IPO

By Trace Hagan from Mar 25, 2013 @ 15:34 CDT

We all remember that fateful day last year when Facebook had its IPO on the NASDAQ stock exchange. I'm sure most of us recall some of the difficulties associated with the IPO and how the price plummeted from its list price of $38. The estimated loss to investors due to the glitches suffered by the NASDAQ stock exchange is $500 million.

nasdaq_to_pay_out_just_62m_to_investors_who_lost_an_estimated_500m_in_facebook_ipo_1

NASDAQ will be paying out just $62 million to those affected. The United States Securities and Exchanges Commission (SEC) have agreed with this payout. Investors who had orders not completed or who were not correctly notified of buys or sells successfully completed are among the eligible.

NEWS SOURCES:Techcrunch.com


Related Tags

PRICING: You can find products similar to this one for sale below.

USUnited States: Find other tech and computer products like this over at Amazon.com

UKUnited Kingdom: Find other tech and computer products like this over at Amazon.co.uk

AUAustralia: Find other tech and computer products like this over at Amazon.com.au

CACanada: Find other tech and computer products like this over at Amazon.ca

DEDeutschland: Finde andere Technik- und Computerprodukte wie dieses auf Amazon.de