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