Shareholders of the trading exchange operator, which include several financial services providers, are set to make between $190m and $213m through share sales.
Bats Global Markets, a US-based financial exchange and market services provider backed by several banks, set the range yesterday for an initial public offering set to raise between $190m and $213m.
Shareholders in Bats will sell 11.2 million shares priced at between $17 and $19 each on the company’s own Bats BZX Exchange. The underwriters have a 30-day option to buy up to 1.68 million more shares, which could lift the size of the IPO to almost $245m.
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