NYMEX Approves IPO

The commodities exchange's IPO gets the greenlight.
Publish date:

Everything is all set now for the

New York Mercantile Exchange

to go public.

The 132-year-old commodities exchange said Thursday shareholders approved plans for its upcoming $250 million initial public offering. The NYMEX says more than 91% of the shares voted by exchange members were in favor of an IPO.