BATS cancels its IPO following technical glitches It was hardly the stock market debut BATS Global Markets was hoping for. BATS exchange withdraws IPO after stumbles In a breakdown that resembled a mini version of the 2010 "flash crash," a series of blunders hit the market debut of BATS Global Markets Exchange Inc on Friday, causing the company to take the ... Bats IPO Reversal May Cost Morgan Stanley, Banks $7.1 Million Morgan Stanley and banks on Bats Global Markets Inc.'s (BATS) initial public offering may lose $7.1 million in fees after the exchange operator withdrew its IPO, felled by a system crash that hurt Apple Inc. (AAPL) and its own stock. Bats Global cancels IPO after its errors derail trading Equity exchange Bats Global Markets Inc. canceled its initial public offering, stunning Wall Street after errors on its own computer systems derailed trading in the stock and forced a halt in Apple Inc. BATS: Well, this is awkward BATS Global Markets withdrew its initial public offering Friday after the exchange operator was forced to halt trading in several stocks, including its own, due to "technical issues." BATS Global Markets Withdraws Initial Public Offering In one of the shortest debuts ever for a newly public company, BATS Global Markets was forced to pull its initial offering after systems issues caused a day filled with cancelled trades and uncertainty. Bats All, Folks! The Epic Fail of the Worst IPO Ever ( Updated 7:45 p.m. ET: Adds a link in the 10th paragraph to a Bats post mortem issued late Friday, and includes new information from Bloomberg.) A familiar element to any initial stock offering is the excruciatingly long list of "risk factors" a company lists in its filing. Exchange operator BATS stumbles in IPO debut NEW YORK (Reuters) - A series of blunders hit the market debut of BATS Global Markets Exchange Inc Friday, causing its own shares to erroneously trade for less than a penny and confusing investors. The problems also fouled a trade in shares of Apple Inc , the world's most valuable company, and caused a temporary halt in its shares. It was an inauspicious debut for BATS, an exchange operator that ... BATS blames software bug for IPO breakdown BATS Global Markets said a "software bug" derailed the U.S. exchange operator's initial public offering and set off a series of embarrassing glitches that ultimately led it to cancel the IPO. ... BATS withdraws IPO after technical glitches Stock market operator BATS Global Markets pulled its initial public offering following a series of technical glitches.
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http://dailyherald.com/article/20120317/sports/703179831/
http://dailyherald.com/article/20120322/sports/703229512/
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