Interactive Brokers (IB) has raised $1.2bn from 10% of
shares in the largest US IPO this year, valuing the firm at
The Connecticut based securities and derivatives market
maker and broker sold 40m shares at $30 on 4 May, twice the
number of shares that had been scheduled for the float and at
the high end of its projected $27-$31 price range. IB shares
hit a high of $34.25 before closing at $31.30. The price has
sagged slightly since, falling to $28.32 on 9 May.
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