Deals
Euronext Detaches From ICE Through $1.2 Billion IPO
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Euronext NV, the European stock exchange operator with roots in the 17th century, was untethered from Intercontinental Exchange Inc. through an 845 million euro ($1.2 billion) initial public offering.
Shares of Euronext, owner of markets in Belgium, France, the Netherlands and Portugal, were sold for 20 euros apiece, according to a statement yesterday. The offering of 42.2 million shares was at the low end of the announced range of 19 euros to 25 euros. The stock started trading today using the “ENX” ticker. The company retreated 0.9 percent to 19.83 euros at 12:50 p.m. in Paris.