MarketAxess IPOs

The newest ticker symbol on the Nasdaq Stock Market, MKTX, belongs to Market-Axess, the first client-to-dealer corporate bond trading company to become a publicly traded company.

In early November, the New York City-based provider of electronic bond trading platforms announced that its initial public offering of five million shares had been priced at $11.00 per share. Moreover, MarketAxess granted underwriters a 30-day option to purchase up to 750,000 additional shares to cover over-allotments.

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