[ by Melanie Gretchen ] Facebook may change the social status of Nasdaq, and not everyone is apt to like the stock exchange.  Companies looking ahead at their own IPOs now are questioning the viability of listing with Nasdaq - The NYPost learned, after Bob Greifeld’s exchange botched the largest, most anticipated IPO in a generation - that took place on 5/18/12. Future of Nasdaq. The consequences from the IPO are expected to have further damages, not to the least of which is huge doubt in the minds of executives of prospective publicly-listed companies. "There’s no question, this Facebook situation has put on the table the question of Nasdaq’s market structure and its market quality,  one exchange expert said, speaking on the condition of anonymity. What Went Wrong. Although the Facebook IPO was only delayed some 30 minutes, some investors on Wall Street and Main Street had to wait days before finding out whether they had purchased shares and for what price.  The glitches also left market makers - e.g., Citadel, UBS, Citigroup, Knight Capital - with individual losses reported to be as high as $50 million. Even Facebook lead underwriter Morgan Stanley says it’s out about $10 million.  All told, it's possible that Nasdaq may be on the hook for as much as $180 million, sources said.  In context of what has been made, that amount is small, but the Facebook IPO could be a game changer. Culture Shift. Companies going public often ask these market makers their opinions on the benefits and shortcomings of listing with the Nasdaq or the NYSE, sources said.  These market makers are usually agnostic and voice no preference - but that is likely to change, the expert said.

[C-I Note: The impact is certainly likely to be expressed by individual investors, who will probably think twice before participating in an IPO - an opportunity once thought of as untouchable, given that institutions typically would lock up the allocations.]     [NY Post, 6/4/12]