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Screenshot of a breaking news alert e-mail from Q2 2017
A follow-up to LeapRate’s earlier report about Bats Global Markets, Inc. planning an initial public offering on the Bats BZX Exchange…
Bats today announced the pricing of its IPO at a price to the public of $19.00 per share – this is the upper end of previously forecast range of $17.00 – $19.00 per share. The size of the offering has been increased from the initially announced 11,200,000 shares of common stock to 13,300,000 shares of common stock.
Certain selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,995,000 shares. The offering is expected to close on April 20, 2016, subject to customary closing conditions.
Morgan Stanley and Citigroup are joint bookrunning managers and representatives of the underwriters. BofA Merrill Lynch, Credit Suisse, Goldman, Sachs & Co., and J.P. Morgan are acting as joint bookrunners, whereas Jefferies, Barclays, Deutsche Bank Securities, Nomura, Rosenblatt Securities and Sandler O’Neill + Partners, L.P. are acting as co-managers of the offering.
For the full announcement from Bats, click here.