IEX Raises $75 Million; Set To Bid For US Stock Exchange StatusMani
IEX Group announced Wednesday that it has raised $75 million from firms such as Bain Capital Ventures and Spark Capital, and the funds would facilitate its efforts to become registered on a U.S. stock exchange besides exploring other opportunities.
Currently there are 11 exchanges and over 50 private trading venues and dark pools in the U.S.
IEX to seek regulatory approval within a week
IEX, an upstart stock-trading platform, had the starring role in the Lewis book exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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