NEW YORK: NASDAQ must communicate clearly with the technology industry and other stakeholders as it fixes the issues that snarled Facebook's IPO last Friday.
NASDAQ blamed the design of the software it uses during IPOs after technical glitches stopped the stock exchange from offering shares on schedule during Facebook's public debut. The US Securities and Exchange Commission said this week that it will review the IPO.
In the days that followed, NASDAQ CEO Robert Greifeld told media outlets that Facebook's ...