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Justin Grant
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Facebook's IPO Fail: What Went Wrong on the Nasdaq

As Nasdaq deals with the fallout of Facebook's IPO flop, Bloomberg's Matt Miller tried to get some answers from Cuttone & Company's Keith Bliss

As of Monday, a large number of investors still reportedly didn't know whether orders they placed Friday to buy or sell Facebook stock went through.

Demand for the stock was large by historical standards, setting a record for trading volume following a public debut. But three days after the historic IPO, Reuters said Morgan Stanley's brokerage arm is still trying to work orders to buy and sell the stock.

Meanwhile Nasdaq is still dealing with the fallout from the debacle and there have been calls for the exchange operator to make up some of the losses for Facebook's botched public debut.

So what really went wrong with this IPO? Bloomberg's Matt Miller discussed what went wrong on the Nasdaq with Keith Bliss, the senior vice president of institutional broker Cuttone & Company:

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio
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