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Bats Global Markets selling shareholders offering more common shares in IPO


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Bats Global Markets selling shareholders offering more common shares in IPO

Bats Global MarketsInc. disclosed in an amended registration statement filed April 14 thatselling shareholders participating in its IPOare now offering 13.3 million of its common shares.

The selling shareholders also granted the underwriters the optionto buy an additional 1,995,000 common shares.

The selling shareholders previously intended to sell 11.2 millioncommon shares, and underwriters were given the option to buy up to an additional1,680,000 shares.

To reflect the change, the company registered 15,295,000 commonshares, including 1,995,000 shares that underwriters have the option to purchase,for the IPO. The proposed maximum aggregate offering price was about $290.6 million,or $19 per share, estimated solely for calculating the registration fee.

The IPO per-share price is still expected to be between $17 and$19.

Bats Global Markets will not receive any proceeds from the sellingshareholders' sale of common shares.

The company said it applied to list its common shares on BatsBZX Exchange Inc. under the symbol BATS.

Morgan Stanley & Co. LLC, Citigroup Global Markets Inc.,Merrill Lynch Pierce Fenner & Smith Inc., Credit Suisse Securities (USA) LLC,Goldman Sachs & Co., J.P. Morgan Securities LLC, Jefferies LLC, Barclays CapitalInc., Deutsche Bank Securities Inc., Nomura Securities International Inc., RosenblattSecurities Inc. and Sandler O'Neill & Partners LP were listed as underwriters.