IEX Raises $75 Million; Set To Bid For US Stock Exchange Status – ValueWalk Premium

IEX Raises $75 Million; Set To Bid For US Stock Exchange Status

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

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