NYMEX IPO Range Set

The commodities exchange wants between $48 and $52 a share.
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Nymex Holdings Inc.

, the parent company of the New York Mercantile Exchange that specializes in energy trading, has set the price of its planned initial public offering between $48 and $52 a share.

In a filing with the Securities and Exchange Commission, Nymex has not said how many shares it plans to sell. The 134-year-old commodities exchange plans to list its stock on the New York Stock Exchange under the symbol "NMX."

The Nymex previously had said it expects to IPO to raise $250 million.

Shareholders of approved the plans for the IPO last week.

J.P. Morgan Chase

(JPM) - Get Report

and

Merrill Lynch

(MER)

are the lead underwriters for the offering.

The Nymex set its price range a day after the

Chicago Mercantile Exchange

TICKER TYPE="EQUITY" SYMBOL="CME" EXCHANGE="NYSE" PRIMARY="NO"/> said it's paying $8 billion to buy its Chicago-based rival the

CBOT

TICKER TYPE="EQUITY" SYMBOL="BOT" EXCHANGE="NYSE" PRIMARY="NO"/>, the parent of the Chicago Board of Trade.