Deals
Bats IPO Could Value Exchange Operator at $1.8 Billion
- Markets operator will sell shares for $17 to $19 apiece
- Bats to list its own stock four years after first IPO flopped
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Bats Global Markets Inc. says its initial public offering may value the second-largest U.S. stock exchange operator at as much as $1.8 billion, more than double the valuation in its failed IPO attempt four years ago.
Bats will sell 11.2 million shares for $17 to $19 each, according to an updated filing on Monday. Based on the company’s 95.7 million shares outstanding, the entire company would be worth $1.6 billion to $1.8 billion. The aborted 2012 listing gave Bats a value of about $760 million.