MarketAxess prices IPO at $11 per share

Source: MarketAxess Holdings

MarketAxess Holdings Inc. announced today that its initial public offering of 5,000,000 shares of common stock has been priced at $11.00 per share.

The shares are scheduled to begin trading tomorrow on the Nasdaq National Market under the trading symbol "MKTX." In addition, MarketAxess has granted the underwriters a 30-day option to purchase up to 750,000 additional shares to cover over-allotments, if any. All of the shares are being offered by MarketAxess.

The offering was made through an underwriting syndicate led by Credit Suisse First Boston and JPMorgan, who acted as joint book-running managers. Banc of America Securities LLC, Bear, Stearns & Co. Inc. and UBS Investment Bank acted as co-managers.

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