CBOE Files for an IPO Offering of up to $300 Million

The Chicago Board Options Exchange [CBOE], the largest options exchange in the U.S. and the world’s first marketplace for options, has filed for an IPO of up to $300 million in stock, according to a filing with the Securities and Exchange Commission.

CBOE Holdings Inc. said it plans to give members 55.8 million Class A shares and issue 12.25 million Class B shares to former members of the Chicago Board of Trade who helped create the exchange in 1973.

The Chicago-based company — acquired by the Chicago Mercantile Exchange in 2007 — also said that it will pay a special dividend of $1.67 for each share of Class A and Class B common stock outstanding.

CBOE Holdings, which in in the past five years has seen its net income grow by nearly tenfold, did not say when it plans to go public or how many shares it hopes to sell.

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