virt News

Etsy exploded 88% out of the gate, giving it the best first-day return for a tech IPO in over a year. Cancer immunotherapy biotech Aduro Biotech flew up 147%, the year's third IPO to more than double on day one. This past week was the second largest of 2015 by proceeds raised as four companies went public at billion-dollar valuations, up from a week with two in January. 43 IPOs...read more

Virtu Financial, a high-frequency electronic trading firm and market maker, raised $314 million by offering 16.5 million shares at $19, the high end of the range of $17 to $19. Virtu Financial plans to list on the NASDAQ under the symbol VIRT. Virtu Financial initially filed confidentially on 12/26/2013. Goldman Sachs, J.P. Morgan, Sandler O'Neill, BMO Capital Markets, Citi,...read more

As many as seven IPOs could price this week, and four have a proposed market cap over $1 billion. So far, only eight companies that large have gone public this year, or 22% of all deals. The 3 largest - Party City, Etsy and Virtu - are based in New York. ...read more

Virtu Financial, a high-frequency electronic trading firm and market maker, announced terms for its IPO on Monday. The New York , NY-based company plans to raise $298 million by offering 16.5 million shares at a price range of $17 to $19. At the midpoint of the proposed range, Virtu Financial would command a market value of $2.5 billion. Virtu Financial, which was...read more