Subscribe By E-Mail

Nasdaq profits hurt by Facebook IPO costs, dark trading

Nasdaq OMX Group has set aside cash to reimburse firms harmed in Facebook’s botched market debut last May, and to possibly settle a regulatory probe into the matter, denting the exchange operator’s first quarter profits.

Nasdaq reported US$ 62 million (HK$ 481.4 million) of expenses for the reimbursement plan, and it has allocated US$ 10 million (HK$ 77.6 million) toward the US Securities and Exchange Commission probe into the problems surrounding Facebook’s initial public offering.


Markets & Investing feed