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CBOE aims for IPO before the summer
23 February 2010
The board of the Chicago Board Options Exchange approved in mid-December a proposal to pursue demutualisation followed by an immediate initial public offering. The US equity options exchange hopes to complete the process by the end of the second quarter 2010.
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[CBOE]
[Chicago Board options Exchnage]
[Bill Brodsky]
“It is the board’s judgment that combining the timing of the
demutualisation and IPO would be in the best interest of CBOE owners,” chief
executive Bill Brodsky told the exchange’s members. “Subject to a member vote
in favour of demutualisation, our goal is to complete both the demutualisation
and the IPO by the end of the second quarter of...
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