Intel-backed commodity exchange MCX will float on the Bombay Stock Exchange sometime between February 22nd and 24th, with the range set between Rs 650 and 750 crore (about $130m-$150m), according to Indian news source The Economic Times. The IPO will mark the first for an Indian exchange in the country.
MCX also counts research firm Financial Technologies (India), State Bank of India, Corporation Bank, Bank of Baroda, ICICI Lombard General Insurance, GLG Financials Fund and Alexandra Mauritius Ltd. among its shareholders. Financial Technologies holds the largest stake, worth 31.2%.