BATS Global Markets priced its IPO at $19 per share, at the top of the range, valuing BATS at $1.8b. Selling shareholders increased offering from 11.2m to 13.3m shares, representing $253m. BATS started trading under the ticker BATS.
The acquisition of Molten Markets will enable EBS BrokerTec to provide asset managers with a sophisticated execution management system and innovative trade cost analysis.