Thank you for sharing!

Your article was successfully shared with the contacts you provided.
A century ago, you could buy butter and egg futures at the Chicago Butter and Egg Board. Thirty years ago, you could buy currency futures at its successor, the Chicago Mercantile Exchange. Now, after the initial public offering of Chicago Mercantile Exchange Holdings Inc., you can buy shares in the exchange itself. The Merc went public on the New York Stock Exchange in December 2002, becoming the first major U.S. exchange to do so. The offering by the country’s largest futures exchange raised $166 million, with 3 million shares sold by its parent company and another 1.75 million sold by the exchange’s members. Lead underwriters Morgan Stanley and UBS Warburg priced the Merc’s shares at $35 each, but they hit a high of $43.20 on the first day of trading. For issuer Chicago Mercantile Exchange Holdings Inc. (Chicago) In-house: Executive vice president and chief administrative officer Craig Donohue. Skadden, Arps, Slate, Meagher & Flom (New York): Corporate: Rodd Schreiber, of counsel Philip McBride Johnson, and associates Alison Haan, Susan Hassan, David Liu, and Michael McGrane. Tax: Louis Freeman and associate Kristin Hickman. (Johnson is in the firm’s Washington, D.C., office; all others are in Chicago.) According to the Merc’s Donohue, Skadden was retained because of its experience in securities work. This was the firm’s first significant representation for the Merc. For lead underwriters Morgan Stanley (New York) and UBS Warburg (New York) In-house: Morgan Stanley: Executive director Barbara Alexander. UBS Warburg: Director Robert Cordell II. Cleary, Gottlieb, Steen & Hamilton (New York): Corporate: Edward Rosen, Leslie Silverman, and associates Patrick Barrett, Seanna Garrison, Sung Kang, Jeff Neurman, and Niping Wu. Tax: Leslie Samuels. ERISA: Arthur Kohn and associate Pamela Nadler. Intellectual property: counsel Joshua Rawson and associate Thomas Rayski. Federal commodities law: associate Geoffrey Goldman. NASD issues: counsel Ellen Creede. UCC issues: counsel Penelope Christophorou and Sandra Rocks. Foreign securities law issues: associates Richard Holbrook, Joung Hwang, Alan Landau, Raj Panasar, Charles Reese II, and Ko Wakabayashi. (Holbrook and Wakabayashi are in the firm’s Tokyo office; Panasar is in London.) — D.M.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.