IntercontinentalExchange announced the closing of its initial public offering of 18,400,000 shares of common stock at an initial public offering price of US$26.00 per share.
Of the 18,400,000 shares, the company sold 2,500,000 shares, and certain of the Company’s shareholders sold an additional 15,900,000 shares, which includes the exercise in full of the underwriters’ over-allotment option.
The net proceeds received by the company are US$60,779,225 before transaction costs. The net proceeds received by the selling shareholders are US$386,529,000. The company will not receive any of the proceeds from the sale of shares of common stock by the selling shareholders.
The common stock of the company began trading on the New York Stock Exchange on November 16 under the ticker symbol “ICE.”
Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. served as joint book-running managers of the offering, with William Blair & Company, Sandler O’Neill & Partners, L.P. and SG Corporate & Investment Banking serving as co-managers.