UPDATE 1-High-speed trader Virtu Financial to raise up to $314 mln in IPO

April 6, 2015 11:46 AM

55 0

April 6 (Reuters) - Virtu Financial Inc, an electronic trading firm, said it expects to raise up to $314 million in an initial public offering, a year after postponing its first attempt to go public amid a furor over high-frequency trading.

Virtu Financial's offering of 16.5 million Class A shares is expected to be priced at between $17 and $19 per share, valuing the company at about $2.6 billion. (1.usa.gov/1c0Ei9j)

Also read: EFG International says to cut up to 450 jobs in BSI integration

Read more

To category page

Loading...