Bats Global Markets, Inc. (“Bats”), a leading global operator of exchanges and services for financial markets, today announced the pricing of its initial public offering at a price to the public of $19.00 per share. The size of the offering has been increased from the initially announced 11,200,000 shares of common stock to 13,300,000 shares of common stock.
The shares offered are being sold by certain Bats stockholders. Certain selling
stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,995,000 shares. Bats will not receive any proceeds from the sale of any shares by the selling stockholders. The offering is expected to close on April 20, 2016, subject to customary closing conditions. The shares of common stock are expected to begin trading on the Bats BZX Exchange on April 15, 2016, under the symbol “BATS.”
Morgan Stanley and Citigroup are acting as joint bookrunning managers and the representatives of the underwriters. BofA Merrill Lynch, Credit Suisse, Goldman, Sachs & Co., and J.P. Morgan are acting as joint bookrunners, and Jefferies, Barclays, Deutsche Bank Securities, Nomura, Rosenblatt Securities and Sandler O’Neill + Partners, L.P. are acting as co-managers of the offering.
A registration statement, including a prospectus, on Form S-1 relating to these
securities has been filed with, and declared effective by, the U.S. Securities and
Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from: Morgan Stanley, Attention: Prospectus Dept., 180 Varick Street, 2nd Floor, New York, NY 10014; and Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.