Shareholders in New York Mercantile Exchange (Nymex) look set to take advantage of the soaring share price of the commodities futures exchange by selling up to 25m shares in the group, worth around $3.5bn.
In an automatic self registration statement filed with Securities and Exchange Commission, Nymex said it intends to sell an undisclosed number of shares in the company, dependent on the interest of the Nymex stockholders participating in the proposed secondary offering, which will be determined on or around 7 March.
The announcement came a day after Nymex shares reached $140, their highest level since the company's IPO in November, when shares steepled to $150 each, almost triple the IPO price (see FO Week Vol 11 No 46).
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