Intercontinental Exchange Prices IPO At EUR 20 A Share

(RTTNews) - Intercontinental Exchange (ICE), the global network of exchanges and clearing houses, said Thursday it has priced the initial public offering of the ordinary shares of Euronext N.V., the pan-European exchange group, for 20 euros a share. The offering was at the low end of the announced range of 19 euros to 25 euros a share.

Euronext's ordinary shares will be listed and admitted to trading under the symbol "ENX" on Euronext Paris, Euronext Amsterdam and Euronext Brussels as of June 20. Euronext also intends to list on Euronext Lisbon after the IPO.

According to Intercontinental Exchange, all of the 42.24 million offered shares were sold in the IPO, representing 60.36% of the total issued ordinary share capital of the company. The 42.24 million offering excludes stock allocated to the underwriters.

New York Stock Exchange owner NYSE Group Inc. bought Paris-based Euronext in 2007, renamed itself NYSE Euronext, and then sold to Atlanta, Georgia-based ICE about seven months ago.

The IPO followed an earlier agreement by institutional investors -- including ABN Amro Group NV and BNP Paribas SA -- to buy 33 percent of Euronext at a 4 percent discount to today's offering price. That's in addition to the 60 percent stake sold today.

If the underwriters, who include ABN Amro Bank, JPMorgan Chase & Co. and Societe Generale SA -- accept all of 4.2 million shares made available through the over-allotment option, ICE will completely divest its Euronext stake.

Euronext will not receive any proceeds from the IPO.