French software developer GL Trade SA has debuted on Paris’s Nouveau Marche following an initial public offering that raised 5.6m euros ($6.3m). The company, which is jointly owned by the French stock exchange operator SBF and UK news and business information provider Reuters Plc, markets electronic order routing systems and trading software for the financial markets, and will use the funds raised in its international expansion. The IPO price was set at 16 euros ($17.98), towards the high end of the price range, which was 15-16.50 euros. The offering was nearly nine times oversubscribed.
GL TRADE DEBUTS ON NOUVEAU MARCHE AFTER $6.3M IPO
