NEW YORK (TheStreet) -- Following the disastrous Facebook (FB - Get Report)initial public offering, NASDAQ OMX Group (NDAQ - Get Report) is starting to take steps to compensate investors in the share sale.

Citing sources close to the situation, The Wall Street Journal reported the exchange operator is going to compensate investors who partook in Facebook's IPO. The exchange's technical problems caused several problems with the offering.

The filing with the Securities and Exchange Commission may detail how the exchange intends to compensate investors, brokers and banks that were affected by the technical errors the New York-based exchange suffered May 18. Those close to the situation said the costs could be more than $100 million.

Trading Facebook's IPO was nothing short of disastrous, as the exchange initially had problems opening the issue for 30 minutes, then firms did not know their orders had been filled or canceled for several hours following the open. Some investors believed they had canceled their orders, only to learn they had purchased stock.

Representatives from both Nasdaq and Facebook were not immediately available for comment for this story.

Shares of Nasdaq gained 2.2% in Tuesday trading to $21.86, while Facebook shares continued their descent, falling 3.8% to close at $25.87.

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-- Written by Chris Ciaccia in New York

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