Market timing: Nasdaq trade glitch halts N.J. pharma company's IPO for hours

... said William Preston, a research analyst with Renaissance Capital, an IPO research firm and fund manager in Greenwich, Conn. Among other things, Preston noted that so-called insiders, such as Regado's venture capital backers, purchased much of the ...

http://www.nj.com/business/index.ssf/2013/08/market_timing_nasdaq_trade_gli.html