CBOE Holdings, Inc. announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to its proposed initial public offering of shares of its class of unrestricted common stock. The number of shares to be offered and the price range for the offering have not yet been determined. The shares of unrestricted common stock to be sold in this offering are proposed to be sold by CBOE Holdings and/or certain stockholders. CBOE Holdings will not receive any of the proceeds from the sale of shares by the selling stockholders.
CBOE Holdings intends for the proposed offering to take place concurrently with the proposed demutualization of Chicago Board Options Exchange, Incorporated, currently the parent corporation of CBOE Holdings. Subject to a vote by the members of CBOE in favor of demutualization, CBOE Holding's and CBOE's goal is to complete both the demutualization and the IPO by the end of the second quarter of 2010. It is the intention of CBOE Holdings to use the net proceeds from the shares sold by the company for general corporate purposes, including the repurchase of shares of the common stock to be issued to CBOE members in the demutualization and to members of the settlement class who will be receiving stock under the settlement agreement in the exercise right litigation between CBOE and former members of the Chicago Board of Trade.
The sole global coordinator of the offering will be Goldman, Sachs & Co. This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained by contacting Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention: Prospectus Department (Phone: +1 866 471 2526; Fax: +1 212 902 9316; e-mail: firstname.lastname@example.org.) A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.