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NYMEX planning large stock offering - WSJ
February 23, 2007 / 4:52 AM / in 11 years

NYMEX planning large stock offering - WSJ

NEW YORK, Feb 22 (Reuters) - 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.

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