Virtu Financial announces commencement of secondary offering

November 12, 2015 10:03 AM

Virtu Financial, Inc., a technology-enabled global market maker, today announced the commencement of an underwritten public offering of 6,473,371 shares of its Class A common stock by the Company and certain selling stockholders affiliated with Silver Lake Partners. The selling stockholders are selling 6,075,837 shares of Class A common stock and the Company is offering 397,534 shares of its Class A common stock.

The selling stockholders will receive all of the net proceeds from the sale of shares of Class A common stock sold by them in the offering. Virtu intends to use its net proceeds from the offering to purchase common units in Virtu Financial LLC (and paired shares of Virtu’s Class C common stock) from one of its employees at a net price equal to the price paid by the underwriters for shares of its Class A common stock in the offering.

Goldman, Sachs & Co. is acting as the leader manager and sole book-runner for the offering.

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. The prospectus relating to the offering relating to the offering may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526 or via email:

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 state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to Virtu Financial’s operations and business environment, market conditions and other factors, some of which are difficult to predict and many of which are beyond Virtu Financial’s control.

About Virtu Financial, Inc.
Virtu is a leading technology-enabled market maker and liquidity provider to the global financial markets. We stand ready, at any time, to buy or sell a broad range of securities, and we generate revenue by buying and selling large volumes of securities and other financial instruments and earning small amounts of money based on the difference between what buyers are willing to pay and what sellers are willing to accept, which we refer to as ‘‘bid/ask spreads.”
We make markets by providing quotations to buyers and sellers in more than 11,000 securities and other financial instruments on more than 225 unique exchanges, markets and liquidity pools in 35 countries around the world. We believe that our broad diversification, in combination with our proprietary technology platform and low-cost structure, enables us to facilitate risk transfer between global capital markets participants by supplying liquidity and competitive pricing while at the same time earning attractive margins and returns.
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