NASDAQ DELAYS FACEBOOK IPO AMID HUGE VOLUME, ETRADE WEBSITE IS DOWN

nasdaq zuckerberg

Photo: milkmit/Dylan Love

We’re sitting here waiting for the Facebook to price — an event that was supposed to happen at 11:00 AM — but it still hasn’t happened yet thanks to a delay at the NASDAQ.It’s not totally clear what’s going on yet, but it almost certainly ha something to do with the insane volume/retail interest in this offering.

It was known that this was going to be a very difficult IPO to open, as this is truly unprecedented in terms of interest.

That being said, in light of the BATS IPO failure earlier this year, and the general worries about the strength of our stock exchanges, this is not something you want to see.

UPDATE: According toWSJ: “traders having problems changing and cancelling orders of facebook ipo”

UPDATE II: As more evidence that

Our full coverage is here

More to come…

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

nasdaq sai-us