Chicago Board of Trade (CBoT) submitted its S-1 filing with Securities and Exchange Commission (SEC) on 10 May, setting the stage for an IPO in the second half of this year.
The filing was expected following the exchange's demutualisation, which became official on 22 April (see FO Week Vol 10 No 15). In its S-1 filing, CBoT said the offering was valued at about $150m.
Several members interviewed by FO Week said the newly created shareholders are strongly in favour of the IPO and will vote on the measure soon.
Observers...