8-KOther EventsExhibits & Filings

Intercontinental Exchange, Inc. 8-K Report, Corporate Update (Dec 22, 2015)

Filed December 22, 2015For Securities:ICE

Summary

Intercontinental Exchange, Inc. (ICE) filed an 8-K on December 22, 2015, reporting an underwriting agreement entered into on December 16, 2015. This agreement facilitated the sale of 5,669,002 shares of ICE's common stock by certain selling stockholders, including entities affiliated with Silver Lake Partners and Warburg Pincus, to Credit Suisse Securities (USA) LLC at a price of $239.10 per share. This event primarily represents a secondary offering of existing shares, not an issuance of new shares by ICE itself. Investors should note that the proceeds from this offering will go to the selling stockholders, not directly to the company. The filing also incorporates the Underwriting Agreement as an exhibit and references ICE's existing Form S-3 registration statement.

Key Highlights

  • 1ICE announced an underwriting agreement on December 16, 2015.
  • 2The agreement involves the sale of 5,669,002 shares of ICE common stock.
  • 3The selling stockholders include entities affiliated with Silver Lake Partners and Warburg Pincus.
  • 4The shares were sold to Credit Suisse Securities (USA) LLC as the underwriter.
  • 5The offering price per share was $239.10.
  • 6This is a secondary offering; proceeds go to selling stockholders, not ICE.
  • 7The Underwriting Agreement is filed as an exhibit to the 8-K.

Frequently Asked Questions

No, this is a secondary offering. The shares being sold are existing shares owned by certain selling stockholders (affiliates of Silver Lake Partners and Warburg Pincus), not newly issued shares by Intercontinental Exchange. The proceeds from the sale go to these selling stockholders.

The offering involved 5,669,002 shares sold at $239.10 per share. The total proceeds for the selling stockholders would be approximately $1.356 billion (5,669,002 shares * $239.10/share). Intercontinental Exchange itself did not raise any capital from this specific transaction.

The main parties are Intercontinental Exchange (ICE) as the registrant, the selling stockholders (including entities like Silver Lake Partners III, L.P., Warburg Pincus Private Equity X, L.P., among others), and Credit Suisse Securities (USA) LLC acting as the underwriter.

The reference indicates that the shares being offered are registered for resale under ICE's existing S-3 registration statement. This allows the selling stockholders to legally sell their shares into the public market through this underwriting agreement.