Virtu Financial Prices IPO At $19/shr, High End Of Estimated Range

(RTTNews) - Virtu Financial Inc. (VIRT), a technology enabled global market maker, announced today the pricing of its initial public offering of 16.53 million shares of its Class A common stock at a price to the public of $19.00 per share, which is the high end of its previously estimated $17.00 and $19.00 per share range.

In addition, Virtu Financial has granted the underwriters a 30-day option to purchase up to an additional 2.48 million shares of Class A common stock. The shares of Class A common stock are expected to begin trading on The NASDAQ Stock Market on April 16, 2015, under the symbol "VIRT."

Virtu Financial intends to use a substantial portion of the net proceeds from the offering to purchase shares of its Class A common stock and common units in Virtu Financial LLC (and paired shares of Virtu Financial's Class C common stock) from certain of its pre-IPO equity holders, including affiliates of Silver Lake Partners and certain of its employees.

Virtu Financial intends to contribute the remaining net proceeds to Virtu Financial LLC, which will be used by Virtu Financial LLC for working capital and general corporate purposes, which may include financing growth.