Ubs May Have Facebook Trading Loss Of $350 Million

UBS Sues Facebook

UBS is sitting on losses that could be as high as $350 million stemming from its investment in the Facebook initial public offering, and is preparing legal action against Nasdaq as a result, people familiar with the matter told CNBC.

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Topics:  banks   facebook   facebook ipo   ipo   nasdaq   social media   social networking   stocks   technology   ubs   
  • UBS Downgrades TerraForm Power (TERP) to Neutral with Price Target $14.00
    Airtel, Facebook expand free internet service across Africa Facebook ... you can apply to get started, here . On last trading day The Walt Disney Company (NYSE:DIS) advanced 0.94% to close at $115.92. Additionally, the firm downgraded its stock rating ...
    11/17/2015 - 2:08 pm | View Link
  • UBS's huge Facebook loss throws doubt on Nasdaq plan
    Meanwhile, Facebook shares fell to a new all-time low Tuesday, touching $21.61 in afternoon trading. At that level they are down 52 percent from their first-day high. UBS's 349 million Swiss franc ($355.8 million) loss dwarfs the $62 million all-cash plan ...
    07/31/2012 - 8:01 am | View Link
  • Nasdaq's bungling of Facebook IPO cost UBS $357 million, bank says
    "UBS's loss resulted from Nasdaq's multiple failures to carry out its obligations, including both opening the Facebook stock for trading and not halting trading in the stock during the day," UBS said. "We will take appropriate legal action against Nasdaq ...
    07/31/2012 - 7:44 am | View Link
  • UBS lost $356 million on Facebook, suing Nasdaq for it
    ... said Tuesday that it lost $356 million on Facebook's IPO due to Nasdaq's trading glitches during the company's market debut in May -- and it plans to sue the stock exchange for every cent of it. "UBS's loss resulted from NASDAQ's multiple failures to ...
    07/31/2012 - 7:29 am | View Link
  • Behind the Huge Facebook Loss at UBS
    Still, while many market-making firms have confirmed that they lost money from the technical issues that plagued trading of Facebook shares on the first day, UBS’ loss was far and away above what its peers have experienced. The Knight Capital Group ...
    07/31/2012 - 7:28 am | View Link
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  • Bloomberg
    The daily online Bloomberg report gives you the latest headlines from around the world, current market data annd personal finance advice, politics and top videos.
    11/24/2015 - 3:23 pm | View Website
  • Initial public offering of Facebook
    The social networking company Facebook held its initial public offering (IPO) on Friday, May 18, 2012. [1] The IPO was the biggest in technology and one of the ...
    11/24/2015 - 1:00 pm | View Website
  • UBSN Stock Quote
    Stock analysis for UBS AG (UBSN) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
    11/24/2015 - 7:09 am | View Website
  • Trading Strategies, Financial Commentary ...
    Real Money from TheStreet: Financial blogs, trading strategies and conversations with financial advisors, hedge fund managers, CFAs and renowned value investors.
    11/24/2015 - 6:26 am | View Website
  • CFTC Orders UBS to Pay $700 Million Penalty to Settle ...
    The U.S. Commodity Futures Trading Commission (CFTC) announced an Order today against UBS AG and UBS Securities Japan Co., Ltd., bringing and settling charges of ...
    11/23/2015 - 10:05 pm | View Website
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