UBS said Tuesday it intends to seek full compensation for losses it says it suffered from the "gross mishandling of Facebook's market debut" by Nasdaq OMX Group.
The Swiss financial services firm pegged its loss at 349 million Swiss francs, the equivalent of $357 million, from the botched handling on May 18 of the Facebook initial offering of stock to the public on the Nasdaq IPO Cross system and the Nasdaq Stock Market.
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