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WSJ: BATS to again attempt IPO

Nov. 30, 2015 1:36 PM ETBy: Stephen Alpher, SA News Editor
  • BATS' first attempt to go public in March 2012 famously crashed after technical issues caused its share price to plunge to pennies just minutes after live trading opened.
  • The company is having another go at it, reports the WSJ, and could file with the SEC this month. Instead of listing on the NYSE or Nasdaq, the exchange operator will launch on its own exchange, says the Journal.
  • Since 2012, the company has merged with Direct Edge, acquired a currency-trading platform, launched an options exchange, and is becoming a player in ETF listings. Its reported $2B-plus valuation today compares with $745M in 2012.

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