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Nasdaq postpones WhiteHorse Finance IPO

The Associated Press

NEW YORK (AP) -- The public debut of WhiteHorse Finance stock is being postponed by the Nasdaq, according to a statement on the exchange's website.

The exchange says that all open and pending orders will be canceled.

A call to Nasdaq seeking further explanation was not immediately returned.

WhiteHorse Finance, a lender to small companies, said earlier Wednesday that it had raised $100 million from investors in its initial public offering of stock. Shares of the Miami company were meant to begin trading Wednesday under the ticker symbol "WHF."

In May, technical problems at Nasdaq led to a half-hour delay in the trading debut of Facebook.