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Report: High demand for BATS shares ahead of IPO pricing date

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Report: High demand for BATS shares ahead of IPO pricing date

Demandfor BATS Global Markets Inc.shares appear to be very high days before the exchange's IPO is scheduled to price,according to an April 11 report from Bloomberg.

Citingsources who wished to remain anonymous, Bloomberg wrote that the offering may beoversubscribed by as much as 5x. The offering is expected to price between $17.00 and $19.00 per share aftermarket close on April 14.

The companyhas applied to list its shares on the BATS BZX Exchange under the symbol BATS.