Nasdaq OMX Group Inc will form a marketplace for trading in shares of unlisted companies in a joint venture with small trading platform SharesPost Inc, tapping into increasing investor interest in private firms.The new venture, Nasdaq Private Market, will help the exchange rebuild its reputation as the exchange of choice for unlisted companies, after it was criticized for its role in the botched Facebook Inc IPO last May."NYSE was taking a lot of share away from the Nasdaq even in tech listings, so I think it's kind of an opportunistic move for Nasdaq," said Josef Schuster, founder of Chicago-based financial services firm IPOX Schuster LLC.Major market makers and broker dealers say they lost upward of $500 million because of technical glitches on the Nasdaq during Facebook's May 18 stock market debut.
Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. Shares of FB fell by 0.25% or $-0.0675/share to $27.45. In the past year, the shares have traded as low as $17.55 and as high as $45.00. On average, 61613600 shares of FB exchange hands on a given day and today's volume is recorded at 33428996.
The NASDAQ OMX Group, Inc. (NASDAQ OMX) is a holding company. Shares of NDAQ fell by 0.68% or $-0.22/share to $32.23. In the past year, the shares have traded as low as $21.03 and as high as $32.83. On average, 1648670 shares of NDAQ exchange hands on a given day and today's volume is recorded at 1367580.
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