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Stock impact report

Virtu Announces Upsizing and Pricing of its Secondary Offering

Virtu Financial, Inc. - Class A (VIRT) 
Last virtu financial, inc. - class a earnings: 2/11 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
NEW YORK, May 14, 2019 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (“Virtu”) (Nasdaq:VIRT), a technology enabled global market maker and provider of innovative, transparent trading solutions and integrated workflow products, announced today the pricing of the previously announced underwritten secondary offering of its Class A common stock.  The size of the secondary offering was increased from 7,000,000 shares to 9,000,000 shares of Virtu’s Class A common stock. The offering includes 9,000,000 shares of Class A common stock sold by Virtu, the net proceeds of which will be used to purchase an equivalent number of common interest units in Virtu Financial LLC and corresponding shares of Class D common stock from TJMT Holdings LLC (“TJMT”), an affiliate of Mr. Vincent Viola, our Founder and Chairman Emeritus. Following the closing of the transactions, TJMT will remain Virtu’s largest stockholder, and will continue to own over 60 million common interest units in Virtu Financial LLC and co Show less Read more
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