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Friday, December 27, 2013

Equity Trader Alert #2013 - 121
Payment Date for Facebook IPO Claims

Markets Impacted:

Contact Information:

What you need to know:

  • NASDAQ had previously announced its intention to pay valid claims under NASDAQ Rule 4626(b)(3), which pertains to the initial public offering of Facebook, Inc., on or about February 7, 2014.
  • NASDAQ has submitted a proposed rule change to the SEC to reflect its intention to pay claims sooner. Accordingly, valid claims will be paid on December 31, 2013.

What is happening?

NASDAQ previously announced its intention to pay valid claims under NASDAQ Rule 4626(b)(3), which pertains to the initial public offering of Facebook, Inc., on or about February 7, 2014. However, NASDAQ has determined to pay claims sooner, and has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to reflect its intention to do so. Accordingly, NASDAQ expects to pay all valid claims on December 31, 2013. Payments will be made in accordance with the wire instructions previously provided to NASDAQ by claimants with valid claims.

Who should I contact if I have questions?

All questions should be directed to Christopher Cull, NASDAQ OMX Office of the General Counsel, at +1 301 978 8492.


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