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UBS says it lost $356M on the Facebook IPO, and plans to sue NASDAQ OMX (NDAQ). Sources claim a...

UBS says it lost $356M on the Facebook IPO, and plans to sue NASDAQ OMX (NDAQ). Sources claim a lack of order confirmations resulted in duplicated orders going through. However, the magnitude of UBS' loss - far greater than that of other banks - is leading to speculation other factors were at work. Banks were known to be heavy buyers of Facebook shares on IPO day, in a desperate attempt to keep shares from closing below $38.
Comments (4)
  • too funny. so many lawsuits going on that involve FB
    31 Jul 2012, 07:17 PM Reply Like
  • pigs at the trough
    31 Jul 2012, 08:11 PM Reply Like
  • & UBS has done such a bang up job running their affairs through the last several years. HA-HA!
    31 Jul 2012, 10:16 PM Reply Like
  • i
    I am a pensioner, retired graduate electronic engineer.
    1 Aug 2012, 03:00 AM Reply Like
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