BATS withdraws IPO after botched up pricing

BATS a leading US Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term has withdrawn its initial public offering after an embarrassing glitch in the system which priced NASDAQ A and B shares incorrectly. The error took over two hours to fix.

BATS board of directors decided to withdraw the IPO as the projected share price took a major down turn. The IPO was priced in at $16 per share however after the dismay it went as low as $4.

BATS originally started as an ECN offering traders an alternative executing venue, it became popular after 2007 and currently has around 10-12% market share in US.

The firm was intending to raise $100 million in the IPO.

BATS is based in Kansas City, USA with offices in London and New York. The firm employs over 200 people and generated revenue of $926 million in 2011.

Leading FX ECN FXall successfully filed an IPO.