Nasdaq chieftain Bob Greifeld continued to come under fire yesterday for one of the worst-botched IPOs in recent memory.
While some have called for Greifeld to step down, at least two Facebook shareholder lawsuits were filed against Greifeld’s exchange.
It’s quite a comedown for the CEO, whose executives just five days ago were popping champagne to celebrate the expected largest tech public stock offering ever.
But fame and glory turned to infamy and ridicule after Nasdaq fumbled the IPO.
Yesterday, Greifeld down played the Facebook IPO debacle during an annual shareholder meeting in Midtown Manhattan and said that he hopes that he can keep his CEO job.
“Clearly we made mistakes on Facebook,” Greifeld noted, trying to paint a rosy picture after the train wreck IPO in which some investors still don’t know the status of their Facebook orders.
In one lawsuit, one investor accused the Greifeld listing platform of badly mishandling the May 18 IPO — costing retail and institutional clients millions in lost dough.
A separate class-action lawsuit filed in Manhattan federal court by Facebook investors is alleging similar wrongs.
At the meeting, Nasdaq officials appeared to have made a point of going relatively quiet over the technical glitches and prevented members of the media from asking Greifeld questions.