Shareholders in New York Mercantile Exchange (Nymex) look
set to take advantage of the soaring share price of the
commodities futures exchange by selling up to 25m shares in the
group, worth around $3.5bn.
In an automatic self registration statement filed with
Securities and Exchange Commission, Nymex said it intends to
sell an undisclosed number of shares in the company, dependent
on the interest of the Nymex stockholders participating in the
proposed secondary offering, which will be determined on or
around 7 March.
The announcement came a day after Nymex shares reached $140,
their highest level since the company's IPO in November, when
shares steepled to $150 each, almost triple the IPO price (see
FO Week Vol 11 No 46).
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