Nice price for Ice as exchange floats
Atlanta-based energy-trading platform IntercontinentalExchange (Ice) hit the ground running as a public company today, pricing at $26 per share – at the top of its $24-$26 target range.
Ice sold 2.5 million shares, the proceeds of which will be used to clear all $13 million of the exchange’s debt and for general corporate purposes. Ice’s existing shareholders are selling a further 13.5 million shares.
“Ice’s listing is a significant milestone for the company and the energy-trading community,” said chairman and chief executive Jeffrey Sprecher. “We take great
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