NYSE chooses JPMorgan, Societe Generale for Euronext IPO

By IVCPOST Staff Reporter

Aug 20, 2013 06:00 PM EDT

NYSE Euronext is the bourse operator to be acquired by Intercontinental Exchange Group Inc. The former had chosen Societe Generale SA and JPMorgan Chase & Co. to aid NYSE in its debut offering. The initial public offering was for NYSE's European equity operations, said four people who were familiar with the matter.

The Euronext unit of the NYSE is in-charge of controlling markets in Lisbon, Brussels, Paris and Amsterdam. The same people said that NYSE Euronext could be sold by next year. The sources asked not to be named as the information were private in nature. The two people said that the final size of the deal was not yet determined. However, the sale could raise approximately USD14.3 billion.

Last Decemeber, Intercontinental Exchange CEO Jeffrey Sprecher said that European business would be reviewed for a possible sale. Nine months ago, Sprecher's company agreed to buy the New York Stock Exchange for cash and stock valued USD8 billion during that time.

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