Skip to content
Subscriber Only

Nasdaq ‘Experiencing a Delay’ in Opening Facebook Shares

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.