Nasdaq yesterday postponed the initial public offering forWhiteHorse Finance by several hours as a result of “human error,”according to the Wall Street Journal. The snafu in theWhiteHorse IPO follows the Nasdaq software problem that marred theFacebook IPO in May.
|WhiteHorse, a business development company, was originallyscheduled to begin trading at 11 a.m. ET Wednesday. After thecompany asked for a five-minute extension, a Nasdaq employeeentered the wrong command in a computer and stopped the IPO.WhiteHorse shares began trading at 3 p.m. ET.
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