Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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December 1, 2000

Nasdaq Private Placement

By William Hoffman

The second phase of Nasdaq's private placement of shares to select investors is proceeding on schedule.

The second phase will offer most of the remaining equity in the Nasdaq Stock Market to all NASD members, and certain Nasdaq-listed issuers, buy-side firms and organizations vested in the growth of the newly independent market. Completion of the second phase will leave the NASD with somewhere between 20 and 30 percent of Nasdaq ownership.

While all NASD member firms will be offered a chance to buy shares, an NASD spokesperson said, the board of governors selects which non-member investors get a prospectus. The goal is to assure investors are aligned with Nasdaq management's interest in success and growth.

The first phase of Nasdaq's private placement closed in June, raising more than $330 million by selling 40 percent of the market to over 2,800 investors. The 5,500-member NASD approved the restructuring by a vote of 3,423 to 652 in March and April.