The NYSE Group Inc. announced the pricing of a new public offering of 25 million shares of common stock at $61.50 per share.

The deal, which is worth about $1.5 billion before fees, is a secondary offering, the NYSE Group is not selling any shares and will not receive any proceeds. The offering reflects the sale of shares by existing holders of NYSE Group restricted stock, including certain underwriters and their affiliates and certain executive officers of NYSE Group.

JPMorgan, Lehman Brothers, Merrill Lynch & Co. and Morgan Stanley & Co. Incorporated are the global co-ordinators for the offering. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock to cover any over allotment at the public offering price.