May 21, 2012 at 12:06 PM EDT
Facebook: Nasdaq Offers Post-Mortem, Changes Some Practices
The story of what happened Friday with Facebook’s (FB) problematic first day of trading received its official explanation this morning. In an equity trading alert, Nasdaq relates that “additional order modifications” near the open at 11:05 caused the IPO “auction order book” to be changed, and then there followed several “re-calculations” of the opening price, [...]
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