Net proceeds will be used to buy an equivalent number of common interest units in Virtu Financial LLC and corresponding class D common stock from TJMT Holdings, an affiliate Virtu's founder, Vincent Viola.
After the transactions, TJMT will hold an economic interest of ~31% in Virtu Financial LLC, still its biggest shareholder.
Virtu said the offering priced, but didn't give any figures.
Virtu won't keep any net proceeds from the offering.
Previously: Virtu Financial sells 7M shares to buy LLC stake from founder (May 14)
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