We have a winner.
The first non-healthcare company to price an IPO in the U.S. is — drum roll please — exchange operator Bats Global Markets.
Kansas-based Bats raised $253 million Thursday, offering 13.3 million shares at $19, according to Renaissance Capital. That s the high end of its previously indicated range of $17 to $19. The company listed its initial public offering on its own exchange.
The IPO market has yet to hear a peep from a high-profile Silicon Valley tech company, but some say Bats offering could help thaw the IPO freeze. Just eight companies priced IPOs in the first quarter of 2016, compared with 34 in the first quarter of last year, according to Renaissance Capital data. The only Silicon Valley offering so far has been Burlingame-based Corvus Pharmaceuticals.
Bats IPO seems promising. The Wall Street Journal reported the exchange increased the number of shares it planned to offer early Thursday — from 11.2 million to 13.3 million — a sign of strong investor interest.
This is the exchange s second attempt at an IPO. It tried once before in 2012, using its own exchange, but a software glitch sent its shares plunging and forced it to withdraw the offering, The Journal reported.
There are a few other non-healthcare IPOs on the horizon. Renaissance Capital says MGM Growth Properties, the real estate investment trust of Las Vegas casino operator MGM Resorts International, plans to price a $975 million offering. And Dell-owned cyber security company SecureWorks plans to price a $149 IPO.
Photo: Specialist Thomas Facchine, right, calls out prices during the IPO of Eclipse Resources Corp. on the floor of the New York Stock Exchange in 2014. (AP Photo/Richard Drew)
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