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BATS Global Markets has announced the initial results from its listing on Bats BZX Exchange. The company has increased the size of its offering amid healthy demand with the initial consideration to post 11.2 million shares being amended to 13.3 million shares.
With a price of $19 per share the initial public offering of BATS Global Markets is valuing the company at about $1.8 billion. This is materially higher than the $760 million value at which the company was aiming to go public only 4 years ago.
The IPO will raise $253 million for the shareholders which are selling ... (read more)