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Interactive Brokers files 1.54M-share offering in IBG deal

Published 07/27/2018, 06:45 PM
© Reuters.  Interactive Brokers files 1.54M-share offering in IBG deal
IBKR
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  • Interactive Brokers (NASDAQ:IBKR) has filed a prospectus to offer nearly 1.538M shares, all of which are to be issued to IBG Holdings.
  • That's in exchange for an equal membership interest in IBG LLC, so Interactive Brokers won't receive cash proceeds.
  • It's not expecting material dilution from the deal.
  • At an offering price of $62.25/share, the aggregate offering price is $95.72M.
  • IBKR closed down 1.3% today to $61.37.
  • Now read: TCF Financial up after Q2 EPS beats, additional 0M stock buyback program


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