Danish IPO Scandal ‘Poison’ for Market, Nasdaq Official Says

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As investors in OW Bunker A/S woke up to a string of horrors yesterday, the exchange on which the company was traded is still trying to assess the damage.

“Surprises like this are poison to the stock market, and this is one of the big surprises,” Carsten Borring, head of listings and capital markets at Nasdaq OMX in Copenhagen, said in a phone interview. “This really isn’t good.”