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

Content Marketing 101

Content Marketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you how to create, distribute, and measure the success of your brand's content. Sign-up before November 10 to get $50 OFF with early bird pricing. Register now!