By The Online Investor Staff, updated Mon., Apr. 27, 4:38 PM
Slide #1. Virtu Financial, Inc. — Initial Public Offering
||Virtu Financial, Inc.
|Price Per Share:
||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.
List of IPOs in this Slideshow:
Company Ticker IPO Date
Blueprint Medicines Corporation BPMC
Franklin Financial Network, Inc. FSB
SolarEdge Technologies, Inc. SEDG
Jernigan Capital JCAP
aTyr Pharma, Inc. LIFE
Bojangles', Inc. BOJA
National Storage Affiliates Trust NSA
Carbylan Therapeutics, Inc. CBYL
Cidara Therapeutics, Inc. CDTX
KemPharm, Inc. KMPH 4/16/2015
Virtu Financial, Inc. VIRT 4/16/2015
April 27, 2015 4:38 PM Eastern