29 March 2017
visit nextgenbanking.co.uk

MarketAxess prices shares at $16-$18 for forthcoming IPO

02 April 2004  |  3684 views  |  0 MarketAxess prices shares at $16-$18 for forthcoming IPO

Dealer-backed electronic bond trading network MarketAxess says it will sell three million common shares at an estimated price of $16 to $18 apiece in its upcoming initial public offering.

In addition to the company sale, MarketAxess says selling shareholders will also offload an additional six million common shares, for a total offering of nine million common shares.

MarketAxess filed with the US Securities and Exchange Commission for a $150 million IPO in mid-February.

The company, which is owned and controlled by a collective of nine bond dealing firms, says the proceeds from the issue will be used for general corporate purposes, including working capital and capital spending, with some of the cash earmarked for business expansion "through strategic alliances and select acquisitions".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MarketAxess to offer US treasury trading via BrokerTec

MarketAxess to offer US treasury trading via BrokerTec

22 March 2004  |  4533 views  |  0 comments
Thomson could seal TradeWeb deal in weeks - DJN

Thomson could seal TradeWeb deal in weeks - DJN

19 February 2004  |  6724 views  |  0 comments
MarketAxess to raise $150 million through IPO

MarketAxess to raise $150 million through IPO

13 February 2004  |  4621 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
13021 views comments | 52 tweets | 31 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
12124 views comments | 33 tweets | 45 linkedin
hands typing furiouslyTwo key technologies driving Machine Learn...
8617 views 0 | 16 tweets | 4 linkedin
UK to roll out image-based cheque clearing systemUK to roll out image-based cheque clearing...
6910 views comments | 20 tweets | 43 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job