US District Judge Robert Sweet ruled that Nasdaq OMX Group Inc needs to face the cases filed against it by investors who claimed that the exchange platform was responsible for the bungled Facebook IPO, Reuters reported.
Facebook IPO
Breaking News
Sheryl Sandberg sold around USD91 million worth of shares in the social networking site after Facebook topped its initial public offering price for the first time since May last year.
Winklevoss Twins offer IPO for Bitcoin.
Silicon Valley isn't quite ready to dump Morgan Stanley over the Facebook IPO fiasco.
As Facebook raised the expected range of the stock to $34-$38 per share, up from previous range $28-$35, those early investors are looking to cash out more shares.
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