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Euronext Said to Plan Sale of Up to 30% Stake Before IPO

IntercontinentalExchange Group Inc. plans to sell as much as 30 percent of Euronext NV before the operator of the Paris and Amsterdam exchanges goes public this year, three people with knowledge of the matter said.

Euronext’s advisers are preparing to start talks as soon as this month with potential buyers willing to hold their stakes after the initial public offering, said the people, who asked not to be identified because the talks are private. No single investor will be allowed to own more than 10 percent of Euronext without regulatory approval, a process that could take as long as a year, according to the people.