Brief: Reuters to press on with Instinet IPO

Brief: Reuters to press on with Instinet IPO

Reuters says it will press ahead with its planned partial IPO of electronic broking subsidiary Instinet despite deteriorating stock market conditions. The global news and information group has filed an amended S-1 registration statement with the Securities and Exchange Commission which gives an indicative price range for the IPO of $11 - $14.

Reuters says it will float 14.1 per cent of Instinet in the first half of this year. The price range puts a value on the company of between $2.6 and $3.4 billion.



Comments: (0)

Featured Job
All Jobs »