It would be the biggest such offering in British corporate history.
The idea was to move quickly to a big initial public offering, establishing Nasdaq as an independent, actively traded company for the first time.
A banker working on underwriting several big offerings said, "I wouldn't put my mother in one of these."
At least one securities firm indicated that it had avoided friends and family programs in big offerings but was planning to be more accommodating.
The stock, the biggest initial public offering in history, was the most heavily traded issue on the Big Board.
Groupon pulled plans for one of the biggest initial public offerings in years.
The last and biggest offering, $1 billion, took place this month, and Exodus now faces $100 million a year in interest payments.
And the biggest offering of the year is yet to come.
It is the biggest offering ever on the Paris stock market.
Some will be consolidated into bigger, persistently managed, content offerings.