Bats Global MarketsInc. announced the pricing of its IPO at $19.00 per share after themarkets closed April 14.
The offering was expected to price between $17 and $19 per share.The exchange said earlier in the day that it expanded the offering to total 13.3 million shares, whichare being sold by certain stockholders.
The offering's underwriters have been granted an overallotmentperiod of 30 days to purchase up to 1,995,000 additional shares. Bats will not receiveany proceeds from the sale of any shares by the selling stockholders.
The offering is expected to close April 20, and trading of thestock under the symbol BATS is expected to begin on the Bats BZX Exchange on April15.
Morgan Stanley and Citigroup are acting as joint book-runningmanagers and the representatives of the underwriters. Bank of America Merrill Lynch,Credit Suisse, Goldman Sachs & Co. and J.P. Morgan are acting as joint bookrunners. Jefferies, Barclays, Deutsche Bank Securities, Nomura, Rosenblatt Securitiesand Sandler O'Neill & Partners LP are acting as co-managers.