BATS founder pushes for IPO despite ‘freak’ glitch
NEW YORK (Reuters) – BATS Global Markets, the U. S. exchange operator that withdrew its public offering Friday after a computer glitch sent its newly-issued stock into a tailspin, should develop a “credible IPO plan” and go through with it in the second quarter, its founder and current director said. BATS’ own stock was to be its first listing. But the initial public offering on Friday ended up a disaster after a software bug briefly sent the price of the shares down from $16 to less than a penny, before trading was halted. . . .
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