Sad but there is no stopping to bloodbath stemming out of FB IPO fiasco...These type of smaller losses are going to come up more in next couple of days or weeks..
I hope FB is able to recover from this and continues to growth part..
FACEBOOK
Citigroup reportedly loses $20M on IPO
Citigroup’s Automated Trading Desk had trading losses of about $20 million stemming from Facebook’s botched initial public offering on Nasdaq OMX’s U.S.
exchange, a source with knowledge of the situation said Friday.
ATD’s losses come on top of claims at market makers Knight Capital and Citadel Securities of $30 million to $35 million each in losses. UBS was the other large market maker involved in the Facebook IPO on May 18.
I hope FB is able to recover from this and continues to growth part..
Citigroup reportedly loses $20M on IPO
Citigroup’s Automated Trading Desk had trading losses of about $20 million stemming from Facebook’s botched initial public offering on Nasdaq OMX’s U.S.
exchange, a source with knowledge of the situation said Friday.
ATD’s losses come on top of claims at market makers Knight Capital and Citadel Securities of $30 million to $35 million each in losses. UBS was the other large market maker involved in the Facebook IPO on May 18.
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