25 September 2016
Find out more

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

02 April 2004  |  3530 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  |  4367 views  |  0 comments
Thomson could seal TradeWeb deal in weeks - DJN

Thomson could seal TradeWeb deal in weeks - DJN

19 February 2004  |  6607 views  |  0 comments
MarketAxess to raise $150 million through IPO

MarketAxess to raise $150 million through IPO

13 February 2004  |  4509 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit i2cinc.comVisit equens.comFind out more

Top topics

Most viewed Most shared
Co-habitation with banks key to fintech futureCo-habitation with banks key to fintech fu...
13433 views comments | 34 tweets | 34 linkedin
hands typing furiouslyGoogle's Larry Page buys a 'major global b...
12803 views 0 | 31 tweets | 25 linkedin
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
10642 views comments | 42 tweets | 27 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8150 views comments | 16 tweets | 24 linkedin
Deutsche Bank teams up with accelerator to back fintech startupsDeutsche Bank teams up with accelerator to...
7023 views comments | 12 tweets | 5 linkedin

Featured job

Find your next job