Detailed text transcripts for TV channel - MSNBC - 20131103:20:25:00
Exchange. >> how does it factor into the pricing for facebook? >> it's whether or not the stock trades effect differencely or at all in the first hours after it goes public. it will be priced the night before, somewhere between $17 and $20 a share they say. and then those first trades, if they don't go off effectively as we saw with facebook, that nasdaq had glitches, the trade wasn't made, stock topped out at $43, promptly went to below $20 before it has since rebounded rather smartly. >> so the problem was the trades weren't coming through. >> they weren't getting done. a failure at nasdaq. ...
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