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Virtu Financial, Inc. ("Virtu")
, a technology-enabled global market maker, today announced the
commencement of an underwritten public offering of 6,473,371 shares of its
Class A common stock by the Company and certain selling stockholders
affiliated with Silver Lake Partners. The selling stockholders are selling
6,075,837 shares of Class A common stock and the Company is offering 397,534
shares of its Class A common stock.
The selling stockholders will receive all of the net proceeds from the sale
of shares of Class A common stock sold by them in the offering. Virtu
intends to use its net proceeds from the offering to purchase common units
in Virtu Financial LLC (and paired shares of Virtu's Class C common stock)
from one of its employees at a net price equal to the price paid by the
underwriters for shares of its Class A common stock in the offering.
Goldman, Sachs & Co. is acting as the leader manager and sole book-runner
for the offering.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. The prospectus
relating to the offering relating to the offering may be obtained from
Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New
York, New York 10282, via telephone: 1-866-471-2526 or via email:
prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements. You should not place
undue reliance on those statements because they are subject to numerous
uncertainties and factors relating to Virtu Financial's operations and
business environment, market conditions and other factors, some of which are
difficult to predict and many of which are beyond Virtu Financial's control.
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