Euronext IPO Launch May Help Appease European Regulators

Now watching

Next video starts in : 7 Play

Euronext IPO Launch May Help Appease European Regulators

Euronext IPO Launch May Help Appease European Regulators
Replay video
Up next

Regulators ease mortgage rules

Regulators ease mortgage rules Up next

Regulators ease mortgage rules

Unlock your personal NFL Now stream by signing in to NFL.com

Euronext IPO Launch May Help Appease European Regulators

TheStreet 2:38 mins

ICE, formerly known as the Intercontinental Exchange, says it plans to spin-off its Euronext division in late June. The initial public offering would likely value Euronext at around $2.4 billion. The Deal's Renee Cordes says a big reason behind the offering was to appease regulators concerned about ICE having to much of a transatlantic powerhouse in the exchanges sector. Cordes also says the offering removes the possibility of the exchange being an M&A target. Once the spinoff is complete, it will be the first time Euronext will be independent in seven years. Cordes says there will likely be a lot of interest from investors to buy shares of the company but one risk factor could be competition from other exchange industry players.

View Comments (0)