Rumors that BATS Global Markets is considering an initial public offering are false, and they mostly reflect wishful thinking by investors, according to Chris Concannon, who will become the company’s CEO on March 31.
Through the years, shareholders in BATS, the Lenexa, Kan.-based stock exchange, have invested about $160 million in the company. They’ve received more than $500 million in dividends in the past two-plus years alone.
Concannon said many investors would love to see BATS go public to let them get a piece of the action. But he said the company has other areas to focus on in 2015, namely continuing the integration of Direct Edge Holdings, which it closed on the acquisition of in early 2014, and pursuing plans in Europe.