BATS Cancels Its IPO After a Day of Glitches

The Yankees said relief pitcher Joba Chamberlain, who has been rehabbing from elbow surgery, was injured while playing on a trampoline or similar equipment on Thursday with his kindergarten-age son.

The Cardinals' bats broke out in a big way Thursday and, in a related development, it was not a good day for Nationals left-hander Gio Gonzalez. A five-run outburst in the fourth inning highlighted the Cards' 9-0 victory over the Nats at Roger Dean

The Cardinals' bats broke out in a big way Thursday and, in a related development, it was not a good day for Nationals left-hander Gio Gonzalez. A five-run outburst in the fourth inning highlighted the Cards' 9-0 victory over the Nats at Roger Dean

ORIGINAL POST, SEE UPDATES BELOW: 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

Bats Global Markets Inc.'s shares traded for pennies following the initial public offering at $16. Nasdaq OMX Group Inc. told Bloomberg in an e-mail that the trades in Bats shares that it drove it below 1 cent will be canceled.