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Electronic broker Interactive Brokers adds shares, raises price range

May 1, 2007

Interactive Brokers, an electronic market maker that trades securities, futures and forex instruments, updated the terms of its IPO Monday. The company plans to offer 34.5 million shares, 73% more than the 20 million originally announced, at a price range of $27.00 to $31.00, representing a 16% increase over the midpoint of the previously announced $23.00-$27.00 range. WR Hambrecht and HSBC are the bookrunners on the deal.