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Screenshot of a breaking news alert e-mail from Q2 2017
In tune with LeapRate’s earlier report about plans of Bats Global Markets, Inc., owner of Hotspot FX, to go public again, the company today announced the launch of its initial public offering.
The company announced an offering of 11,200,000 shares of its common stock by certain Bats stockholders. The initial public offering price per share is expected to be between $17.00 and $19.00.
Certain selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,680,000 shares. Bats will not receive any proceeds from the sale of any shares by the selling stockholders.
As previously announce, Bats has applied to list the shares of its common stock on the Bats BZX Exchange under the symbol “BATS.”
Morgan Stanley and Citigroup are acting as joint bookrunning managers and the representatives of the underwriters. BofA Merrill Lynch, Credit Suisse, Goldman, Sachs & Co., and J.P. Morgan are acting as joint bookrunners, and 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 official announcement from Bats, click here.