The one time payout would aim to subside the discontent among banks and trading firms who experienced technical difficulties and losses during the IPO's opening. The Securities and Exchange Commission still needs to approve the payouts, which seems to be small. Collective losses have been estimated by some to exceed $100 million.
Investors put the blame on Nasdaq after a shaky opening day.
The stock opened on May 18 after a 30 minute delay, … Read more