This Apple Flash Crash Is Being Blamed On BATS... Now IT'S Stock May Be Seeing A Flash Crash On Its IPO Day

We think it's pretty safe to say this is the worst possible nightmare story for a new company that's having an IPO.

BATS is an alternative stock exchange, which IPO'd today, after pricing last night at $15.25, the lower end of its range (already ominous).

Then before it even came public, there was a?flash crash in Apple and according to reports those bad quotes happened on the BATS exchange.

And then it gets even weirder.

BATS itself is seeing a flash crash.

After its $15.25 IPO price, the stock is trading at less than $.04 per trade (those trades have been canceled)

You can see the super-cheap BATS quotes here from Yahoo Finance:

UPDATE: Bats Trading has now halted.

Source: http://feedproxy.google.com/~r/clusterstock/~3/GZI_AVuhgRQ/bats-ipo-2012-3

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