BATS Global Markets Valued at $2B after IPO Price Range Revealed
Posted: Mon Apr 04, 2016 6:25 am
Global exchanges and FX operator BATS Global Markets has announced that it expects its shares to be priced at between $17 and $19 per share. The estimate values the company at up to $2 billion, which is about triple its valuation after the BATS Global Markets first attempted to go public in 2012.
The firm’s first attempt was spoiled by a software glitch that caused the value of the shares of the company to drop to a fraction of a cent moments after the first trade was executed.
According to a filing with the Securities and Exchange Commission (SEC), some of the ... (read more)