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…
Read moreIn 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…
Read moreIn what is normally a seasonally down month for FX trading volumes across both retail and institutional platforms, Hotspot FX actually saw a nice 8% MoM bump in FX trading volumes during December, averaging $24.1 billion per day versus $22.4 billion in November. However the $24.1B figure is down 13% YoY from $27.7B ADV last…
Read moreBATS is looking to raise $100 million. Its IPO filing provides some interesting insights into its Hotspot FX unit, including Hotspot Revenues and Profits.
Read more