High-frequency trader Virtu resumes plans for its IPO

New York

AFTER shelving plans to go public last year amid uproar over Michael Lewis's book on high-frequency trading, one of the biggest firms in that field is restarting its initial public offering.

Virtu Financial disclosed on Monday that it hopes to raise as much as US$313.5 million in its initial stock sale by selling shares at US$17-19 each. At the midpoint of that range, the company would be valued at about US$2.5 billion.