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BATS Global Markets discloses IPO price range

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BATS Global Markets discloses IPO price range

BATS GlobalMarkets Inc. on April 4 said it launched the of 11,200,000 shares of its commonstock by certain BATS stockholders.

The IPO price per share is expected to be between $17.00 and$19.00.

Certain selling stockholders have also granted theunderwriters a 30-day option to purchase up to an additional 1,680,000 shares.The company will not receive any proceeds from the sale of any shares by theselling stockholders. BATS has applied to list the shares of its common stockon the BATS BZX Exchange under the symbol BATS.

Upon completion of the offering, the company's principalinvestors will collectively own approximately 82.1% of the total voting powerof its capital stock, the company said in an amended Form S-1.

Morgan Stanley and Citigroup are acting as jointbook-running managers and the representatives of the underwriters. BofA MerrillLynch, Credit Suisse, Goldman Sachs & Co., and J.P. Morgan are acting asjoint book-runners, and Jefferies, Barclays, Deutsche Bank Securities, Nomura,Rosenblatt Securities and Sandler O'Neill & Partners LP are acting asco-managers of the offering.