Facebook may move shares to NYSE following post IPO crash

ANI – Thu 24 May, 2012 4:20 PM IST

Washington, May 23 (ANI): Following Facebook's May 18, 2012, IPO crash on the Nasdaq Stock Market, the social media giant may move its shares to the New York Stock Exchange.

According to CBS News, a person, speaking on the condition of anonymity, revealed that Facebook's much-anticipated IPO was delayed by a half-hour on Friday because of glitches on the Nasdaq.

After pricing at 38 dollars, Facebook's stock closed up 23 cents on Friday and has been down since. On Wednesday, it closed up 1 dollar, at 32 dollars, still down nearly 16 percent from the IPO price.

NYSE and a Nasdaq spokesman remained unavailable for comments. (ANI)

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