Deals
Bats Investors to Sell $250 Million in IPO, Exceeding Plan
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Bats Global Markets Inc. investors will sell a stake of as much as $253 million in the stock exchange operator in its initial public offering, some $40 million more than originally planned.
The company, which is the second-biggest exchange for U.S. stocks, will sell 13.3 million shares at $17 to $19 apiece, according to an updated filing on Thursday. It had planned to sell 11.2 million. The shares will price after the markets close on Thursday, and begin trading the next day.