Exchange business Bats Global Markets had to pull its $100m flotation after technical issues affected its share pricing during opening trading.
Bats had sold 6.3 million shares in its initial public offering (IPO) at $16 each, which was the low end of its $16 to $18 per share range, but these were withdrawn after trading started at near-zero cost.
News provider Financial Times said Bats had no plans to attempt another IPO in the foreseeable future.
The company had listed on its own Bats Exchange.
US banks Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Lehman Brothers Holdings, Merrill Lynch and JPMorgan all own more than 5% of Bats. Other shareholders of more than 5% are Getco Strategic Investments, a market maker, which is the largest shareholder, with 15%, Lime Brokerage Holdings, a trading platform, now part of financial services firm Wedbush Company, Strategic Investments, a holding company, and Tradebot, a broker-dealer,
Bats had revenues of $926.6m and net income of $23.5m in 2011.
The advisers on the flotation were Morgan Stanley, Citigroup, Credit Suisse, DeutscheBank, Wedbush Securities, JP Morgan, BofA Merrill Lynch, Raymond James, Sandler O’Neill, Rosenblatt Securities and Nomura.