Hurry up and wait: Trading in Facebook IPO delayed
Investors waiting for trading ofFacebook Inc.shares to begin will have to wait a bit longer.
The Nasdaq stock market announced Friday morning that it was “experiencing a delay†in opening sales of the stock, according to Bloomberg. Trading was scheduled to begin at 8 a.m. Pacific time.
It appears as though the shares will begin trading at around $42 when the stock opens.
RELATED:
Facebook prices its stock at $38 a share for IPO
Facebook’s Zuckerberg opens Wall Street by ringing Nasdaq bell
Live discussion: Should small investors be wary of the Facebook IPO?
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
