Friday, May 18, 2012, should have been a glorious day for Facebook. Poised for an initial public offering that was expected to make history, founder and CEO Mark Zuckerberg rang the Nasdaq trading bell from Facebook’s California headquarters. Then the trading actually commenced, and all hell broke loose. Mass confusion among the banks and brokerages involved—stemming from a Nasdaq technical glitch that delayed the start of trading—caused havoc as customers placed stock orders that didn’t go through or were filled at a lower price later that day. What really happened?
Zuck Soup: Investor Relations Tips To Avoid a Facebook-Style IPO
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