UBS sues Nasdaq over $357 million IPO loss
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UBS sues Nasdaq over $357 million IPO loss
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Re: UBS sues Nasdaq over $357 million IPO loss
#2UBS sues Nasdaq and Facebook over $357 million IPO loss
The article doesn't mention anything about UBS suing Facebook, only Nasdaq. Can you update the title to take this into account?
Edit: title now updated, thanks! :)
Re: UBS sues Nasdaq over $357 million IPO loss
#3UBS sues Nasdaq and Facebook over $357 million IPO loss The article doesn't mention anything about UBS suing Facebook, only Nasdaq. Can you update the title to take this into account? Edit: title now updated, thanks! :)
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Re: UBS sues Nasdaq over $357 million IPO loss
#4UBS sues Nasdaq and Facebook over $357 million IPO loss The article doesn't mention anything about UBS suing Facebook, only Nasdaq. Can you update the title to take this into account? Edit: title now updated, thanks! :)
right, specifically "to address its gross mishandling of the offering and its substantial failures to perform its duties".
does anyone know what they could possibly have in mind?
Re: UBS sues Nasdaq over $357 million IPO loss
#5UBS sues Nasdaq and Facebook over $357 million IPO loss The article doesn't mention anything about UBS suing Facebook, only Nasdaq. Can you update the title to take this into account? Edit: title now updated, thanks! :)
right, specifically "to address its gross mishandling of the offering and its substantial failures to perform its duties". does anyone know what they could possibly have in mind?
I was confused the whole time I was reading the article because I was thinking "Facebook." Facebook was not mentioned.
Re: UBS sues Nasdaq over $357 million IPO loss
#6Earlier quoted context omitted.
right, specifically "to address its gross mishandling of the offering and its substantial failures to perform its duties". does anyone know what they could possibly have in mind?
I was confused the whole time I was reading the article because I was thinking "Facebook." Facebook was not mentioned.
UBS said it lost 349 million Swiss francs ($357 million) following Facebook's initial public offering, another blow in a quarter where earnings were already pressured by its struggling investment bank.
They are claiming losses resulting directly from NASDAQ's mishandling of the IPO.
Re: UBS sues Nasdaq over $357 million IPO loss
#7Can someone shed some light onto how common of an occurrence this is? It seems like the world of finance is frequented by trigger-happy lawyers and that this might be a commonplace occurrence.
Re: UBS sues Nasdaq over $357 million IPO loss
#8UBS sues Nasdaq and Facebook over $357 million IPO loss The article doesn't mention anything about UBS suing Facebook, only Nasdaq. Can you update the title to take this into account? Edit: title now updated, thanks! :)
right, specifically "to address its gross mishandling of the offering and its substantial failures to perform its duties". does anyone know what they could possibly have in mind?
There were severe technical problems in Nasdaq's trading system during the IPO:
http://abcnews.go.com/blogs/business/2012/06/nasdaq-outlines...
Re: UBS sues Nasdaq over $357 million IPO loss
#9Earlier quoted context omitted.
right, specifically "to address its gross mishandling of the offering and its substantial failures to perform its duties". does anyone know what they could possibly have in mind?
There were severe technical problems in Nasdaq's trading system during the IPO: http://abcnews.go.com/blogs/business/2012/06/nasdaq-outlines...
Aren't these sort of things covered in 'I have read and understood the Term and conditions' & then click on 'I agree'.
Re: UBS sues Nasdaq over $357 million IPO loss
#10Until a few weeks before the offering, FB was going to price at $28 per share. Why is anyone surprised that the $38 price had no support?