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Nasdaq to Compensate Firms on Dec. 31 for Botched Facebook IPO

Traders Magazine Online News, December 30, 2013

John D'Antona Jr.

Nasdaq is going to make its traders whole after the August Facebook IPO debacle. The exchange operator said in a note to traders on Friday that it will compensate firms on Dec. 31 for qualifying claims related to the social media giant's botched May 2012 initial public offering.

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