Archipelago to raise $150 million in IPO

Electronic stock exchange Archipelago is expected to sell approximately one-fifth of its shares for $150 million in an IPO, valuing the firm at $750 million.

  0 Be the first to comment

Archipelago to raise $150 million in IPO

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

In a registration statement filed with the Securities and Exchange Commission late Tuesday, Archipelago says the company's stock will be listed on its own exchange.

Archipelago reported 2003 net income of $1.9 million and revenue of $458 million, up from a net loss of $35 million and revenue of $358 million in 2002.

Stakeholders include General Atlantic Partners, Goldman Sachs, E*Trade, JPMorgan, American Century Companies, and Instinet.

Sponsored [On-Demand Webinar] SaaS savvy: Preparing for embedded and data driven bank payments

Comments: (0)

[On-Demand Webinar] Why real-time payments are a game-changer for corporate banking servicesFinextra Promoted[On-Demand Webinar] Why real-time payments are a game-changer for corporate banking services