IXNET Files For IPO To Expand Network, Increase Content

VENDOR STRATEGIES

NEW YORK--Seeking to expand its financial networking operations, IPC Information Systems' Ixnet subsidiary has filed for an Initial Public Offering (IPO). The IPO is expected to raise $185 million from approximately 20 per cent of the stock.

BAD TIMING?

The announcement came as Reuters filed a lawsuit against the company, which could have affected the IPO schedule, but was later settled out of court (see related story, this issue).

Ixnet, among other things, operates a Liquidity Network, which

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