Virtu Financial Is Planning For IPO “Sometime Before The Summer” [REPORT]

0
Virtu Financial Is Planning For IPO “Sometime Before The Summer” [REPORT]

Virtu Financial, Inc. VIRT KCG Holdings,

Fox Business Network’s (FBN) Charlie Gasparino reports that Virtu Financial “is finally coming to market,” planning an IPO and they have “re-engaged with its underwriters to issue shares sometime before the summer.”

Play Quizzes 4

On whether Virtu Financial is planning on an IPO in the coming months:

“Virtu Financial is finally coming to market. The high frequency trading firm, which pulled its much anticipated initial public offering last year amid the controversy surrounding Michael Lewis’s March 2014 book “Flashboys,” has re-engaged with its underwriters to issue shares sometime before the summer, according to people with direct knowledge of the matter.”

How Value Investors Can Win With Tech And “Fallen” Growth Stocks

Valuation Present ValueMany value investors have given up on their strategy over the last 15 years amid concerns that value investing no longer worked. However, some made small adjustments to their strategy but remained value investors to the core. Now all of the value investors who held fast to their investment philosophy are being rewarded as value Read More

On Virtu pulling its IPO back in April 2014:

“Virtu, founded by former New York Mercantile Exchange chief Vincent Viola, pulled its IPO in April of 2014, citing the regulatory environment and market conditions. But now executives at the firm and their underwriters believe both are much more favorable for the firm the begin the formal process of issuing shares, these people say. Douglas Cifu, Virtu Financial’s chief executive officer, declined to comment.”

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com
Previous article Alibaba Group Holding Ltd Prepares Formal Complaint Against SAIC
Next article China Debt Buildup One Of The Largest In History: Goldman

No posts to display