Steve Wynn Joins Bain Capital in Financing IEX Dark Pool
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IEX Group Inc., the dark pool made famous by Michael Lewis, has raised $75 million from backers including billionaire Steve Wynn and Bain Capital Ventures for its efforts to become a registered stock exchange.
IEX, portrayed in Lewis’s “Flash Boys” as an upstart battling Wall Street to improve equity trading, has seen its share of the U.S. stock market rise to about 0.8 percent since it opened in October. The story resonated with money managers, according to Alex Finkelstein, a general partner at venture-capital firm Spark Capital. The enthusiasm encouraged him to invest in the firm and lead the funding round.