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 2006 | 2005 | 2004 | 2003 Archipelago Holdings, Inc. Prices its Initial Public Offering CHICAGO, Aug. 12 /PRNewswire-FirstCall/ -- Archipelago Holdings, Inc announced today that its initial public offering of 11 million shares of its common stock priced at $11.50 per share. Archipelago's stock is expected to commence trading today on the Pacific Exchange for trading on the Archipelago Exchange (ArcaEx) under the symbol "AX". Of the 11,000,000 shares to be sold in the offering, 5,500,000 shares will be offered by Archipelago and 5,500,000 shares will be offered by the selling stockholders. Archipelago will not receive any of the proceeds from the shares sold by the selling stockholders. Archipelago has granted the underwriters the option to purchase an additional 1,650,000 shares to cover overallotments, including 825,000 shares from Archipelago and 825,000 shares from the selling stockholders. The offering was made through an underwriting syndicate led by Goldman, Sachs & Co. as the book-runner and JPMorgan as co-lead manager. Bank of America Securities LLC, Credit Suisse First Boston, Lehman Brothers, Merrill Lynch & Co. and Piper Jaffray served as co-managers. Copies of the prospectus relating to the offering may be obtained from the prospectus department of Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement. About Archipelago Archipelago Holdings owns and operates the Archipelago Exchange (ArcaEx). ArcaEx is the first totally open, fully electronic stock exchange to trade in all New York Stock Exchange(R), Nasdaq(R), American Stock Exchange(R) and Pacific Exchange(R) securities. ArcaEx is regulated by the PCX, a registered exchange. The Archipelago ECN, a precursor to ArcaEx, was one of the four original ECNs, formed in December 1996 with Townsend Analytics. Archipelago Contacts: Margaret Nagle -- Press 312-442-7083 Pat Murphy -- Investor Relations 312-442-7005 SOURCE Archipelago Holdings, Inc Web Site: http://www.archipelago.com "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Archipelago Holdings, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |
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