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Tuesday, October 31, 2006

NYMEX IPO That Much Closer

NYMEX, the New York Mercantile Exchange, has filed what may be its last amended S-1 filing ahead of its IPO. It is selling 6 million shares at what they have listed as a $52.00 proposed maximum offering price. It lists 4.89 million shares as being sold by the exchange, and shareholders are selling 1.11 million shares. There are also an additional 900,000 shares set for the over-allotment.

NYMEX will trade under the ticker "NMX" on the NYSE. J.P.Morgan and Merrill Lynch are listed as the lead underwriters; co-managers are listed as Banc of America, Citigroup, Lehman, and Sandler O'Neill.

We first covered the original filing back on July 17, 2006 and just on October 18 noted that the CME/CBOT merger was probably the catalyst for the NYMEX hurrying its IPO.

Jon C. Ogg
October 31, 2006

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