Bats Resurrects IPO Plan Three Years After a Botched Attempt
- In a rare move, Bats was forced to withdraw its 2012 offering
- Though little known, 10-year-old firm is a titan of trading
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Bats Global Markets Inc., which runs U.S. and European stock markets, resurrected plans for an initial public offering three-and-a-half years after an error in the company’s trading software wrecked a previous attempt to list its shares.
The company will list its shares under the ticker BATS on its own exchange next year, according to a filing with U.S. regulators on Wednesday. Bats didn’t disclose how many shares it would include in the IPO or the price it would seek in the sale.