New York Mercantile Exchange (Nymex) was poised for a
blockbuster IPO on Friday, upping its opening share price and
increasing the number of shares issued.
Nymex re-priced its shares at $54 to $57 per share earlier
last week, up from the $48-$52 per share level listed earlier
in the month. The exchange also increased the offering to 6.5m
shares, up from 6m. A further 975,000 shares could also be
offered by its six underwriters. Given the new pricing and
shares floated, the deal could raise up to $426m, up from the
prior estimate of $358.8m. The total deal could value Nymex at
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