Euronext IPO raises about $1.15B
NEW YORK (AP) — IntercontinentalExchange Group said Thursday the initial public offering of stock in its Euronext business raised 845 million euros, or about $1.15 billion.
ICE said the offering of 42.2 million shares priced at 20 euros per share, near the low end of its expectations.
Euronext NV operates exchanges in Paris, Amsterdam, Brussels and Lisbon. Its stock will begin trading in Paris, Amsterdam and Brussels under the symbol “ENX” on Friday. ICE said it will list in Lisbon by the end of September.
Euronext merged with the New York Stock Exchange in 2006, and Atlanta-based IntercontinentalExchange Group Inc. bought the combined company for about $8 billion in November.
The underwriters of the IPO will have the option to buy another 4.2 million shares to cover any over-allotments.
Shares of ICE were down $1.40 to $196.78 in afternoon trading Thursday.