BATS Global Markets will price its IPO in the $16-$18 range, according to its latest S-1 filing....

|By:, SA News Editor

BATS Global Markets will price its IPO in the $16-$18 range, according to its latest S-1 filing. The price range implies a valuation of $762M-$858M. BATS, whose trading exchanges account for an estimated 11.3% of U.S. trading volume and 5.7% of European trading volume, recent became the subject of an SEC investigation about perceived preferential treatment for large clients. CBOE is also being targeted.  (previously)