KANSAS CITY, Mo., March 22, 2012 /PRNewswire/ -- BATS Global Markets, Inc. ("BATS"), 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 co-managers.
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, 2nd Floor, New York, NY 10014 (Tel: 866-718-1649 or email: [email protected]); Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (Tel: 800-831-9146 or email: [email protected]); 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.
About BATS Global Markets, Inc.
BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe and Chi-X Europe, which operate FSA-authorized multilateral trading facilities. BATS' innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo., area with additional offices in New York and London.