Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Nasdaq ‘Experiencing a Delay’ in Opening Facebook Shares

Don't Miss Out —
Follow us on:

May 18 (Bloomberg) -- Nasdaq OMX Group Inc. is “experiencing a delay” in opening shares of Facebook Inc., according to an e-mailed statement.

Nasdaq is trying to open trading of Facebook after its underwriters sold 421.2 million shares at $38 each to raise $16 billion yesterday. That valued the company at $104.2 billion, a record for an initial public offering. The delay in opening the stock follows exchange operator Bats Global Market Inc.’s failure to get its own shares trading in March.

Nasdaq had said it would start quoting the stock at 10:45 a.m. New York time and begin trading of Facebook at about 11 a.m. It then delayed the open by five minutes before sending the notice that there was a problem.

Nasdaq OMX shares briefly erased gains. They rose 0.7 percent to $23.16 at 11:18 a.m. New York time.

To contact the reporter on this story: Nick Baker in New York at

To contact the editor responsible for this story: Nick Baker at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.