Report: Nasdaq Proposes $40M Payout To Firms Affected By Facebook IPO Snafus

It’s more than the $13.7 million Nasdaq originally proposed, but far less than the $100 million-plus traders and investors claimed they lost due to the exchange’s handling of Facebook’s initial public offering: Nasdaq filed plans with the Securities and Exchange Commission Wednesday detailing a one-time payout of some $40 million to compensate affected firms, according to published reports.

It’s more than the $13.7 million Nasdaq originally proposed, but far less than the $100 million-plus traders and investors claimed they lost due to the exchange’s handling of Facebook’s initial public offering: Nasdaq filed plans with the Securities and Exchange Commission Wednesday detailing a one-time payout of some $40 million to compensate affected firms, according to published reports.

The Wall Street Journal reported that the total payout is made up of both cash and trading discounts, subject to SEC approval.

The

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