trending Market Intelligence /marketintelligence/en/news-insights/trending/ETpY6ZmK-w_ThKmY7htGDw2 content esgSubNav
In This List

Virtu Financial offers class A common shares


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Virtu Financial offers class A common shares

VirtuFinancial Inc. is offering 1,103,668 class A common shares at apublic offering price of $15.75 per share, with estimated net proceeds of $17.4million after deducting underwriting discounts and commissions.

The company's shares of class A common stock are listed onthe Nasdaq Stock Market under the symbol VIRT.

Virtu Financial intends to use the net proceeds torepurchase an equivalent number of nonvoting common interest units of VirtuFinancial LLC. Additionally, the company will use the proceeds to repurchasecorresponding shares of its class C common stock from certain of its equityholders, including current and former employees and certain pre-initial publicoffering investors, at a net price equal to the price paid by the underwriterfor shares of the company's class A common stock in this offering.

Sandler O'Neill & Partners LP is acting as underwriterof the offering.