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MarketAxess Holdings Inc. Prices Initial Public Offering at $11.00 Per Share.

NEW YORK, Nov. 4 /PRNewswire/ -- MarketAxess Holdings Inc. announced today that its initial public offering of 5,000,000 shares of common stock has been priced at $11.00 per share. The shares are scheduled to begin trading tomorrow on the Nasdaq National Market under the trading symbol "MKTX." In addition, MarketAxess has granted the underwriters a 30-day option to purchase up to 750,000 additional shares to cover over-allotments, if any. All of the shares are being offered by MarketAxess.

The offering was made through an underwriting syndicate led by Credit Suisse First Boston and JPMorgan, who acted as joint book-running managers. Banc of America Securities LLC, Bear, Stearns & Co. Inc. and UBS Investment Bank acted as co-managers.

A copy of the final prospectus relating to the offering may be obtained, when available, by contacting: Credit Suisse First Boston LLC, Prospectus Department, at One Madison Avenue, Level 1B, New York, NY 10010 or by faxing a request to 212-325-8057, or J.P. Morgan Securities Inc., One Chase Manhattan Plaza, Floor 5B, New York, NY 10081, Attn: Addressing Department or by calling 212-552-5164.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About MarketAxess Holdings Inc.

MarketAxess operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities, serving as an electronic platform through which our more than 500 active institutional investor clients can access the liquidity provided by our 19 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously request competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. MarketAxess offers our clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, U.S. Treasury, and emerging markets bonds. MarketAxess also provides data and analytical tools that help our clients make trading decisions and we facilitate the trading process by electronically communicating order information between trading counterparties. MarketAxess' current participating dealers are: ABN AMRO, Banc of America Securities, Barclays PLC, Bear Stearns, BNP Paribas, Citigroup Global Markets, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs, HSBC, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland, SG Corporate & Investment Banking, Spear Leeds & Kellogg, UBS, and Wachovia Securities.

FCMN Contact

CONTACT: Media, Andy Nybo, +1-212-813-6246, or Investors, Eric Scro, +1-212-813-6007, both of MarketAxess Holdings Inc.; or Michele Loguidice of Edelman, +1-212-704-8243, for MarketAxess Holdings Inc.

Web site: http://www.marketaxess.com/
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Publication:PR Newswire
Geographic Code:1USA
Date:Nov 5, 2004
Words:477
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