The New York Mercantile Exchange says it is prepared to go public on the New York Stock Exchange, with plans to raise $250 million in its IPO.
NYMEX’s flotation follows a series of successful IPOs of several other exchanges, including the Chicago Mercantile Exchange, the NYSE and NASDAQ.
The exchange’s IPO also comes at a time when investors have shown a great interest in commodities, propelling prices of some commodities, including oil and gold, to all-time highs.
Details regarding the number of shares that will be offered, and the estimated price range for NYMEX’s IPO have not been released yet, but NYMEX says it plans to trade under the NMX symbol on the NYSE.