Chicago Board of Trade (CBoT) launched one of the most successful public offerings in the past year on 19 October.
The exchange's share price jumped 56% after the opening on the company's first day of trading on New York Stock Exchange, closing with a 48% gain. Shares opened at $54, well over the listed range of $45 to $44, and closed the day's trading at $80.30. CBoT raised $172.3m in the IPO, and analysts said the first day price rise made it one of the top five performers over the past year.
CBoT went ahead with the listing despite fears that its price would be hit by uncertainty following the collapse of Refco, where investors last week...