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Investment Brokerages IPOs image Investment Brokerages IPOs » By The Online Investor Staff, updated Sat., Jul. 2, 12:48 PM
Recent initial public offerings in the Investment Brokerages IPOs category.

Slide #2. Virtu Financial, Inc. Initial Public Offering

Company: Virtu Financial, Inc.
Proposed Symbol: VIRT
IPO Date: 4/16/2015
Shares Offered: 16,532,272
Price Per Share: $19.00
Over-Allotment: 2,479,841
Description: Virtu Financial, Inc. ("Virtu Financial") (Nasdaq:VIRT), a technology enabled global market maker, announced today the pricing of its initial public offering of 16,532,272 shares of its Class A common stock at a price to the public of $19.00 per share. All of the shares are being offered by Virtu Financial. In addition, Virtu Financial has granted the underwriters a 30-day option to purchase up to an additional 2,479,841 shares of Class A common stock. The shares of Class A common stock are expected to begin trading on The NASDAQ Stock Market on April 16, 2015, under the symbol "VIRT." Virtu Financial intends to use a substantial portion of the net proceeds from the offering to purchase shares of its Class A common stock and common units in Virtu Financial LLC (and paired shares of Virtu Financial's Class C common stock) from certain of its pre-IPO equity holders, including affiliates of Silver Lake Partners and certain of its employees. Virtu Financial intends to contribute the remaining net proceeds to Virtu Financial LLC, which will be used by Virtu Financial LLC for working capital and general corporate purposes, which may include financing growth.

IPOs: Virtu Financial, Inc.

Investment Brokerages IPOs - Slide 2 of 5 Page |

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