trending Market Intelligence /marketintelligence/en/news-insights/trending/ga5cbktouxfx5d2jmpoylg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Secondary offering of Virtu Financial common shares prices

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Secondary offering of Virtu Financial common shares prices

Virtu Financial Inc. said the underwritten secondary offering of 15 million of its class A common shares was priced at $28 apiece.

The offering includes 6,281,250 class A common shares held by selling shareholders and 8,718,750 class A common shares offered by the company.

The selling shareholders are TJMT Holdings LLC, an affiliate of Virtu founder and chairman emeritus Vincent Viola, and Havelock Fund Investments Pte Ltd.

The underwriters have an option to purchase up to 450,000 additional class A common shares from Havelock and up to 1.8 million additional class A common shares from Virtu.

The net proceeds received by Virtu will be used to purchase an equivalent number of common interest units in Virtu Financial LLC and corresponding class D common shares. The selling shareholders will receive all of the net proceeds from their sales. Virtu will retain no net proceeds from the offering.

Jefferies LLC, Morgan Stanley & Co. LLC and Sandler O'Neill & Partners LP are acting as the joint book-running managers and underwriters for the offering. BMO Capital Markets Corp. is acting as co-manager.