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BATS Global Markets refiles for an IPO that could raise $300 million

BATS Global Markets, which operates equities and options exchanges in the US and Europe, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $300 million.

The Lenexa, KS-based company, which was founded in 2005 and booked $1.8 billion in sales for the 12 months ended September 30, 2015, plans to list under the symbol BATS on the BATS Exchange. Morgan Stanley, Citi, BofA Merrill Lynch, Credit Suisse, Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.

The article BATS Global Markets refiles for an IPO that could raise $300 million originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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