Citigroup Blasts Nasdaq’s Settlement Proposal Regarding Facebook IPO Issues
While Citadel Securities may have been content with the $62 million settlement proposal by Nasdaq parent Nasdaq OMX Group to compensate firms affected by the technical issues that marred Facebook’s initial public offering, the reaction from Citigroup was quite the opposite.
While Citadel Securities may have been content with the $62 million settlement proposal by Nasdaq parent Nasdaq OMX Group to compensate firms affected by the technical issues that marred Facebook’s initial public offering, the reaction from Citigroup was quite the opposite.
The New York Times’ DealBook reported that Citigroup sent a 17-page letter to the Securities and Exchange Commission Wednesday, tearing into the stock exchange for its “mishandling” of the Facebook IPO and saying that its settlement offer would cover a “fraction of its total losses.”
Citigroup
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