Report: Nasdaq Compensation Proposal For Bungled Facebook IPO Due Next Week

By David Cohen 

Embattled stock exchange Nasdaq will release its plan to compensate investors affected by the technical issues that marred Facebook’s initial public offering sometime next week, according to a Fox Business report.

Sources told Fox Business the compensation will all be in cash, and likely more than the $40 million Nasdaq proposed last month, some $27 million of which was made up of trading credits.

Fox Business reported that Nasdaq is working on a second draft of its proposal with the Securities and Exchange Commission.