Exchanges

11:23 AM
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

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

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.