16 August 2017
visit www.avoka.com

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

02 April 2004  |  3810 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  |  4672 views  |  0 comments
Thomson could seal TradeWeb deal in weeks - DJN

Thomson could seal TradeWeb deal in weeks - DJN

19 February 2004  |  6822 views  |  0 comments
MarketAxess to raise $150 million through IPO

MarketAxess to raise $150 million through IPO

13 February 2004  |  4711 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10872 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
9942 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9261 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
8984 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8163 views comments | 6 tweets | 21 linkedin