Tuesday, November 15, 2005

MSN Money - Financial Times Business News: ICE prices IPO at top end of range

"The IntercontinentalExchange on Tuesday priced its initial public offering at the top of its revised indicative range in a move that will value the energy derivatives specialist at $1.44bn when trading starts on Wednesday.
The world's second-largest energy exchange this week hiked the indicative range for the offering by a third and boosted the issue size by 60 per cent, reflecting investor appetite to buy into the combination of both fast-growing derivatives and the buoyant commodities sector."

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