BATS prices IPO at $19 per share, valuing it at $1.8 billion

April 15, 2016 11:49 AM
Exchange Shorts

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  • BATS Global Markets priced its IPO at $19 per share, at the top of the range, valuing BATS at $1.8 billion. Selling shareholders increased offering from 11.2m to 13.3m shares, representing $253 million. BATS started trading under the ticker BATS.
  • DB1-LSE merger will benefit the EU capital market union, according to DB1’s Jeffrey Tessler.
  • HKEx supports the HK Investor Relations Association’s first roadshow in The Mainland for stock connect stocks.
  • ICAP acquired ENSO Financial Analytics, a provider of a data analytics platform for hedge funds and prime brokers; according to Business Wire.
  • SCHW 1Q16 EPS rose 32% y/y to $0.29, in line with consensus estimates. Net revenues increased 16% year-over-year to $1.76bn, in-line.
  • TeraExchange and Javelin Capital Markets to sue major banks to conspire to block customers from trading IRS in their platforms; according to Reuters.
  • ESMA will stress-test derivatives clearinghouses, and results will be published on April 29, according to Reuters.
  • FED and Treasury officials told senators that Dodd-Frank act is not responsible for Fixed Income market stress. Reported by Market Watch.
About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com.