On Air Now

Listen

Listen Live Now » 94.7 FM Central Wisconsin 102.9 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
74° Feels Like: 74°
Wind: NW 26 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Tonight

Thunderstorms 64°

Tomorrow

Showers 72°

Sun Night

Partly Cloudy 57°

NYSE picks JPMorgan, SocGen for Euronext IPO: report

The NYSE Euronext flag hangs outside the New York Stock Exchange in New York December 20, 2012. REUTERS/Andrew Kelly
The NYSE Euronext flag hangs outside the New York Stock Exchange in New York December 20, 2012. REUTERS/Andrew Kelly

(Reuters) - NYSE Euronext has tapped JPMorgan Chase & Co and Societe Generale to help arrange a potential $1 billion IPO for its European equity operations, Bloomberg news agency reported.

A stake in the Euronext unit, which controls markets in Paris, Lisbon, Brussels and Amsterdam, may be sold next year, Bloomberg said citing sources. (http://link.reuters.com/qym52v)

The sale could raise about 750 million euros ($1 billion)though the final size of the deal hasn't been determined yet, two sources familiar with the matter told Bloomberg.

The U.S. Securities and Exchange Commission has approved the takeover of NYSE Euronext by IntercontinentalExchange , according to a regulatory filing made available on the regulator's website last week.

The deal, which will give ICE control of Liffe, Europe's second-largest derivatives market, is expected to close in early September. It still needs approval from national regulators in Europe.

Representatives for NYSE Euronext, JPMorgan and Societe Generale were not immediately available for comment outside of regular business hours.

(Reporting by Lehar Maan and Adithya Venkatesan in Bangalore; Editing by Edwina Gibbs)

Comments