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Nasdaq Private Placement

Traders Magazine, November 2000

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.

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