Bats Global Markets, which operates equities and options exchanges in the US and Europe, raised the proposed deal size for its upcoming IPO on Thursday.
The Lenexa, KS-based company now plans to raise $239 million by offering 13.3 million shares (100% insider) at a price range of $17 to $19. The company had previously filed to offer 11.2 million shares at the same range. At the midpoint of the revised range, Bats Global Markets will raise 19% more in proceeds than previously anticipated.
Bats Global Markets was founded in 2005 And booked $1.8 billion in sales for the 12 months ended December 31, 2015. It plans to list on the BZX under the symbol BATS. Morgan Stanley, Citi, BofA Merrill Lynch, Credit Suisse, Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal. It is expected to price during the week of April 11, 2016.
