BATS IPO Prices at Low End of Expected Range

The initial public offering is the first by an exchange since the Chicago Board Options Exchange went public in 2010.

Exchange operator BATS Global Markets debuted on the public market at $16 a share, the low end of the range the company predicted in its most recent prospectus.

The company previously said it expected its IPO to price between $16 and $18 a share. Shares of its Class A common stock will trade under the symbol BATS on the BATS Exchange. The firm added that one of its stockholders granted the underwriters on the deal a 30-day option to buy up to an additional 944,524 shares.

BATS said its stock floatation makes nearly 6.3 million shares of Class A common stock available to the public. As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio