U.S. stock exchange operator Bats Global Markets, Inc., is taking a new crack at an initial public offering (IPO).
The Kansas-based firm announced Monday that it has filed for an IPO that will see the firm’s shareholders sell 11.2 million common shares for between US$17 and US$19 per share. The underwriters also have a 30-day option to purchase an additional 1.68 million shares. Bats plans to list the stock on the Bats BZX Exchange under the ticker symbol BATS.
Bats operates four U.S. stock exchanges, and two U.S. options markets, along with a European exchange and an institutional foreign exchange (FX) market. It previously attempted an IPO back in 2012, but ultimately withdrew the deal among technical issues that impacted trading when the stock debuted.
Morgan Stanley and Citigroup are acting as joint bookrunning managers for the new deal’s underwriting syndicate, which includes BofA Merrill Lynch, Credit Suisse, Goldman, Sachs & Co., J.P. Morgan, Jefferies, Barclays, Deutsche Bank Securities, Nomura, Rosenblatt Securities and Sandler O’Neill + Partners, L.P.