Exchange to raise $150m in share flotation
Chicago Board of Trade (CBoT) submitted its S-1 filing with
Securities and Exchange Commission (SEC) on 10 May, setting the
stage for an IPO in the second half of this year.
The filing was expected following the exchange's
demutualisation, which became official on 22 April (see FO
Week Vol 10 No 15). In its S-1 filing, CBoT said the
offering was valued at about $150m.
Several members interviewed by FO Week said the
newly created shareholders are strongly in favour of the IPO
and will vote on the measure soon.
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