Intercontinental Exchange Announces Closing Of Euronext IPO

(RTTNews) - Intercontinental Exchange (ICE) Tuesday announced the closing of the initial public offering of the ordinary shares of Euronext N.V., the pan-European exchange group.

Euronext's shares are listed under the symbol "ENX" on Euronext Paris, Euronext Amsterdam and Euronext Brussels and commenced trading on June 20.

ICE, through a subsidiary, sold about 42.25 million shares of Euronext in the IPO at €20 per share, 23.35 million shares of Euronext to a group of European institutional investors that will replace ICE as reference shareholders at €19.20 per share and 188,296 ordinary shares of Euronext to eligible Euronext employees at €16 per share.

ICE has granted the underwriters an over-allotment option of up to 4.2 million shares of Euronext. Therefore, ICE may continue to hold up to 4.2 million of the 70 million issued and outstanding ordinary shares of Euronext if the over-allotment option is not exercised in full.

Upon the settlement of the IPO transaction, ICE will receive about €1.4 billion in cash proceeds.

For the second quarter of 2014, ICE expects to include Euronext results in discontinued operations.