MarketAxess Holdings Inc. (Nasdaq: MKTX) (the “Company”) today announced that certain of its stockholders have commenced a registered underwritten secondary public offering of an aggregate of 3,597,333 shares of MarketAxess Holdings common stock. The selling stockholders are affiliates of J.P. Morgan Chase & Co., which currently own approximately 14 percent of the Company’s outstanding common stock and non-voting common stock. The Company will not receive any of the proceeds of the offering.
In addition, the Company has entered into an agreement with the selling stockholders to repurchase 1,821,730 shares of MarketAxess Holdings non-voting common stock at the price per share in the offering less the underwriting discount, contingent on the consummation of the offering. After the offering and the share repurchase, the selling stockholders will no longer hold shares of common stock in the Company.
J.P. Morgan Securities LLC is acting as the sole book-running manager for the offering. An automatic shelf registration statement relating to the shares of common stock issued in the offering has been filed with the Securities and Exchange Commission. A preliminary prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission. Copies of the preliminary prospectus supplement and the accompanying base prospectus relating to these securities may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone number 866-803-9204). You may also get these documents for free by visiting the Securities and Exchange Commission’s website.
