Report: Nasdaq Compensation Proposal For Bungled Facebook IPO Due Next Week

Embattled stock exchange Nasdaq will release its plan to compensate investors affected by the technical issues that marred Facebook’s initial public offering sometime next week, according to a Fox Business report.

Sources told Fox Business the compensation will all be in cash, and likely more than the $40 million Nasdaq proposed last month, some $27 million of which was made up of trading credits.

Fox Business reported that Nasdaq is working on a second draft of its proposal with the Securities and Exchange Commission.

Related Stories
Mediabistro Course

Web Analytics

Web AnalyticsStarting July 30, master Google Analytics to build traffic and increase sales for your brand! In this course, you'll learn how to use metrics to develop a digital strategy for your business, determine what to look for in analytics reports, use your findings to improve your online initiatives and more. Register now!