Deals
Virtu Restarts IPO With Plan to Raise Up to $314 Million
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Virtu Financial Inc., which delayed its initial public offering amid a furor over high-frequency traders, renewed the fundraising effort with a plan to raise as much as $314 million.
The company will offer about 16.5 million shares at $17 to $19 apiece, according to a regulatory filing Monday. At the high end of the offering range, Virtu would be valued at about $2.6 billion, based on 136.5 million shares outstanding.