Rumors that BATS Global Markets is considering an initial public offering are false, said Chris Concannon, who will become CEO on March 31.
In an interview with the Kansas City Business Journal, Concannon said he thinks the rumors mostly reflect wishful thinking by investors. BATS shareholders invested about $160 million in the company through the years, and they've received more than $500 million in dividends in the past two-plus years alone. So, he said, many investors would love to see BATS do…
Rumors that BATS Global Markets is considering an initial public offering are false, said Chris Concannon, who will become CEO on March 31.
In an interview with the Kansas City Business Journal, Concannon said he thinks the rumors mostly reflect wishful thinking by investors. BATS shareholders invested about $160 million in the company through the years, and they've received more than $500 million in dividends in the past two-plus years alone. So, he said, many investors would love to see BATS do…