International Securities Exchange (ISE) has valued its IPO
at up to $160m. The exchange, which had previously priced its
shares at $14-16 (see FO Week Vol 10 No 3) last week
announced in a filing to regulators that it will sell up to 10m
shares at that price. Industry participants and analysts said
they anticipate a strong performance in ISE's stock offering
because of the exchange's strong positioning as the top US
A date for the IPO had still not been announced by press
time. Tom Taulli, co-founder of CurrentOfferings.com, an IPO
research company in California, told FO Week that ISE may be
able to ride some of the momentum of other successful IPOs,
including OptionsXpress and Chicago Mercantile Exchange (CME).
"CME just went through the roof, and that's a nice comparable
for the marketplace," Taulli said.
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