NEW YORK Feb 22 NYMEX Holdings Inc. NMX.N,
owner of the energy and metals exchange, is planning a stock
offering that could be valued in excess of $1 billion, the Wall
Street Journal reported on Thursday, citing people familiar
with the matter.
The offering could be announced as early as Friday and take
place as early as next month, the paper said.
The offering is possible because exchange management has
agreed to allow members of the exchange to sell sooner than
previously agreed to, the paper said.
The owner of the New York Mercantile Exchange sold shares
in an initial public offering in November and was one of last
year's strongest market debuts as investors focused on the
potential for further consolidation in the sector.
A NYMEX spokesman was not immediately available to comment.