International Securities Exchange (ISE) has valued its IPO at up to $160m. The exchange, which had previously priced its shares at $14-16 (see FO Week Vol 10 No 3) last week announced in a filing to regulators that it will sell up to 10m shares at that price. Industry participants and analysts said they anticipate a strong performance in ISE's stock offering because of the exchange's strong positioning as the top US options market.
A date for the IPO had still not been announced by press time. Tom Taulli, co-founder of CurrentOfferings.com, an IPO research company in California, told FO Week that ISE may be able to ride some of the momentum...