Facebook IPO compensation applications extended

Nasdaq extended the deadline for Facebook IPO compensation to March 29.

FILE: Facebook co-founder Mark Zukerberg is seen on a screen getting ready to ring the NASDAQ stock exchange opening bell in Times Square in New York, May 18, 2012. Picture: AFP.

NEW YORK - Nasdaq OMX Group said on Wednesday it filed with the U.S. Securities and Exchange Commission to extend the deadline for firms to apply for compensation relating to Facebook Inc's problematic IPO to April 8 from March 29.

Nasdaq said it extended deadline because the week of March 25 contains both the Passover and Good Friday holidays.