ICE places a third of Euronext ahead of IPO

Euronext
By Andrew Griffin
29 May 2014

InterContinentalExchange (ICE) has placed a third of stock exchange operator Euronext with European financial institutions in its key markets in a deal that could allow the owner to fully exit the company in an IPO launched on Tuesday.

A group of banks investors that includes ABN Amro, Bpifrance and Euroclear and features institutions from each of the company's key markets will together buy 33% of the company at a slight discount to the IPO price. They will commit to hold the shares for three years.

"The ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial