JEFFERIES & Co. parent Jefferies Group Inc. announced last week that the brokerage firm intends to sell to the public an 18 percent stake in its Investment Technology Group Inc. (ITG) automated stock trading subsidiary--at a proposed price of $12 to $14 a share. The offering, which still awaits approval from the Securities and Exchange Commission, will be underwritten by Alex. Brown & Sons Inc., Furman Selz Inc. and Jefferies & Co.
At that cost, sources say ITG has a potential market value of
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails