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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.
Virtu Financial Closes IPO
- Client News
- May 11, 2015
Paul, Weiss client Virtu Financial, Inc., a leading technology-enabled market maker and liquidity provider to the global financial markets, closed its initial public offering of approximately 19 million shares of its Class A common stock at an initial offering price of $19 per share. The sale of the common stock yielded approximately $335.9 million in net proceeds. At the IPO price, the company has a market capitalization of approximately $2.6 billion. The shares of Class A common stock are listed on the Nasdaq Stock Market under the ticker symbol "VIRT."
The Paul, Weiss team representing Virtu included corporate partners John Kennedy and Jeffrey Marell and counsel Patricia Vaz de Almeida; employee benefits partner Lawrence Witdorchic; tax partner Richard Bronstein; litigation partners Mark Mendelsohn and Andrew Gordon and counsel Donna Ioffredo; intellectual property partner Chuck Googe; and environmental counsel William O'Brien.