CBOE files for IPO

Source: CBOE

CBOE Holdings, Inc. announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to its proposed initial public offering of shares of its class of unrestricted common stock.

The number of shares to be offered and the price range for the offering have not yet been determined. The shares of unrestricted common stock to be sold in this offering are proposed to be sold by CBOE Holdings and/or certain stockholders. CBOE Holdings will not receive any of the proceeds from the sale of shares by the selling stockholders.

CBOE Holdings intends for the proposed offering to take place concurrently with the proposed demutualization of Chicago Board Options Exchange, Incorporated, currently the parent corporation of CBOE Holdings. Subject to a vote by the members of CBOE in favor of demutualization, CBOE Holding's and CBOE's goal is to complete both the demutualization and the IPO by the end of the second quarter of 2010. It is the intention of CBOE Holdings to use the net proceeds from the shares sold by the company for general corporate purposes, including the repurchase of shares of the common stock to be issued to CBOE members in the demutualization and to members of the settlement class who will be receiving stock under the settlement agreement in the exercise right litigation between CBOE and former members of the Chicago Board of Trade.

The sole global coordinator of the offering will be Goldman, Sachs & Co. This offering will be made only by means of a prospectus

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