Canadian derivatives market Montreal Exchange (MX) has revealed plans to perform a non-IPO listing by April 2007.
MX president and CEO Luc Bertrand said during a conference call on 1 December that his exchange had reached a level of maturity at which a share listing would be "appropriate".
"The decision to list, we hope, will attract more strategic investors and allow current shareholders who wish to monetise, the opportunity to do so in an orderly fashion," he said.
The rationale behind not opting for a full IPO was that the exchange "generates ample liquidity to finance its operations and capital expenditures. In...