Nasdaq OMX Group Inc. Chief Executive Officer Robert Greifeld said he’s not engaged in merger talks with London Stock Exchange Group Plc or Euronext NV, the European market operator on the verge of being spun off.
Nasdaq OMX Group Inc. anticipates winning final approval for its market for closely held companies this month and hopes to open the venue in early March, Chief Executive Officer Robert Greifeld said during an interview.
Facebook Inc.’s 2012 stock market debut helped spark a boom in U.S. initial public offerings, sucking the life out of a Wall Street fad that the social network had helped popularize: private share exchanges.
Private share markets where corporate insiders can cash out stakes while avoiding the scrutiny of public listings have seen their popularity wane. Nasdaq OMX Group Inc. has a plan to make the concept mainstream.
Nasdaq OMX Group Inc. gave notice that it no longer wants to run the marketwide quote service that broke down and froze thousands of its U.S. stocks in August, according to a person with direct knowledge of the matter.
Nasdaq OMX Group Inc., under scrutiny after shares of Facebook Inc. were hit by delays and mishandled orders on its first day, blamed “poor design” in the software it uses for driving auctions in initial public offerings.