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Intercontinental Exchange Inc announces closing of Euronext initial public offering

Tuesday, 24 Jun 2014 02:31pm EDT 

Intercontinental Exchange Inc:Closes initial public offering (IPO) of ordinary shares of Euronext N.V pan-European exchange group.ICE, through wholly-owned subsidiary, sold 42,248,881 ordinary shares of Euronext in IPO at 20 euro per share.Says 23,352,000 ordinary shares of Euronext to group of European institutional investors that will replace ICE as reference shareholders at 19.20 euro per share and 188,296 ordinary shares of Euronext to eligible Euronext employees at 16 euro per share.ICE has granted underwriters an over-allotment option of up to 4,210,823 ordinary shares of Euronext, which can be exercised for 30 days after the first trade date.ICE may continue to hold up to 4,210,823 of 70,000,000 total issued and outstanding ordinary shares of Euronext if over-allotment option is not exercised in full.Any shares that are continued to be held by ICE will be subject to a 180-day lockup period.If the over-allotment is exercised in full, the IPO and reference shareholder transaction will represent 100 pct of the total issued ordinary share capital of Euronext.Upon the settlement of the IPO transaction, ICE will receive about 1.4 bln euro in cash proceeds, including net cash from Euronext as part of separation of business, and excluding the over-allotment option of 4.2 mln shares.Says net of the share price discounts offered to employees and reference shareholder group, as well as ICE`s estimated transaction fees. 

Company Quote

-0.25 -0.12%
19 Sep 2014