Exchanges
Intercontinental Exchange (ICE) has priced its secondary offering of 8m shares of common stock at $56 per share. Of these, selling shareholders were to sell 7.98m shares, with the exchange selling 25,000. ICE was not to receive any of the proceeds from the sale by the existing shareholders. The underwriters had an option to purchase up to an additional 1.2m shares from the selling shareholders at the public offering price, less the underwriting discounts and commissions. The underwriters have 30 days from the date of pricing to exercise the option to purchase such additional shares. Goldman Sachs and Morgan Stanley have acted as joint book-running managers for the offering. UBS Securities, William Blair, Sandler O'Neill and SG Americas Securities have served as co-managers for the offering.
Chicago Board of Trade enjoyed a record trading day on 17 July, when four of its contracts surpassed previous volume highs....