CBOE prepares for IPO

The Chicago Board Options Exchange will offer 11.7 million shares of common stock in a initial public offering according to an S1 form filed today with the Securities and Exchange Commission.

CBOE Holdings will offer 9.6 million shares with selling stockholders, which include underwriters, officers and member offering 2.09 million shares.

Goldman Sachs is the main underwriter of the IPO. Additional underwriters include BofA Merrill Lynch, Barclays Capital, Citadel Securities, J.P. Morgan and UBS Investment Bank.

There will be approximately 103 million shares of common stock outstanding following the IPO according to the filing.

Also according to the filing, CBOE intends to pay regular quarterly dividends of approximately 20% to 30% of the prior year's net income adjusted for unusual items to stockholders beginning in the third quarter of 2010.

CBOE Holdings will apply to list the unrestricted common stock on the NASDAQ Global Select Market under the symbol "CBOE".

See the entire filing here.

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