Virtu Financial Seeks IPO Reboot

High-frequency trading shop to test public offering waters after first aborted attempt.

computer
HFT pioneer Virtu takes another shot at public offering.

Virtu Financial, an influential high-frequency trading firm, will pursue a renewed effort at initial public offering after its first try was scrapped last year in the wake of Michael Lewis' Flash Boys.

The firm, founded by Vincent Viola and now partially owned by Singaporean wealth fund Temasek after it took over Silver Lake's equity investment last December, is seeking approximately $313.5 million in an initial stock sale. A proposed maximum aggregate offering has been set at $361,230,128, according to an S-1 prospectus filed today with the US Securities and Exchange Commission.

It is set to begin trading on Nasdaq later this month.

 

 

 

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: