Virtu Financial Announces Commencement of Secondary Offering, 6.473M Shares


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Virtu Financial, Inc. ("Virtu")(Nasdaq: VIRT), a technology-enabled global market maker, today announced thecommencement of an underwritten public offering of 6,473,371 shares of itsClass A common stock by the Company and certain selling stockholdersaffiliated with Silver Lake Partners. The selling stockholders are selling6,075,837 shares of Class A common stock and the Company is offering 397,534shares of its Class A common stock. The selling stockholders will receive all of the net proceeds from the saleof shares of Class A common stock sold by them in the offering. Virtuintends to use its net proceeds from the offering to purchase common unitsin 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 theunderwriters for shares of its Class A common stock in the offering. Goldman, Sachs & Co. is acting as the leader manager and sole book-runnerfor the offering. A registration statement relating to these securities has been filed withthe Securities and Exchange Commission but has not yet become effective.These securities may not be sold nor may offers to buy be accepted prior tothe time the registration statement becomes effective. The prospectusrelating to the offering relating to the offering may be obtained fromGoldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, NewYork, 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 solicitationof an offer to buy, nor shall there be any sale of these securities in anystate or jurisdiction in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws ofany such state or jurisdiction. Forward-Looking Statements This press release contains forward-looking statements. You should not placeundue reliance on those statements because they are subject to numerousuncertainties and factors relating to Virtu Financial's operations andbusiness environment, market conditions and other factors, some of which aredifficult to predict and many of which are beyond Virtu Financial's control.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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