Bats Global Markets, a leading operator of securities markets in the U.S. and Europe, today announced the pricing of its initial public offering of 6,296,829 shares of Class A common stock at a price to the public of $16 per share.
The shares offered are being sold by certain BATS stockholders. In addition, one of the company's selling stockholders has granted the underwriters a 30-day option to purchase up to an additional 944,524 shares. BATS will not receive any proceeds from the sale of any shares by the selling stockholders. The offering is expected to close on March 28, 2012, subject to certain closing conditions. The shares of Class A common stock will trade on the BATS Exchange under the symbol "BATS.
"Morgan Stanley, Citigroup and Credit Suisse are acting as joint book-running managers for the offering.Deutsche Bank Securities, Wedbush Securities, J.P. Morgan, Bank of America Merrill Lynch, Raymond James, Sandler O'Neill + Partners, L.P., Rosenblatt Securities Inc., and Nomura are acting as comanagers.
The initial public offering is being made solely by means of a prospectus. Copies of the final prospectus, when available, may be obtained from the offices of Morgan Stanley, Attention: Prospectus Dept., 180 Varick Street, 2ndFloor, New York, NY 10014 (Tel: 866-718-1649 or email: prospectus@morganstanley.com); Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (Tel: 800-831-9146 or email: batprospectusdept@citi.com); or Credit Suisse, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010 (Tel: 800-221-1037).
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the "SEC"). The registration statement is available on the SEC's website
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.