Virtu Financial, a high-frequency trader led by former Paul, Weiss, Rifkind, Wharton & Garrison corporate partner Douglas Cifu that called off an initial public offering last year, resumed its plans for a public listing that it expects will raise $313.5 million next week, valuing the company at some $2.6 billion.
The Am Law Daily reported in December on Virtu’s sale of a 10 percent stake to Temasek Holdings, Singapore’s state-backed investment fund, for a reported sum between $180 million to $200 million. The deal came eight months after New York-based Virtu canceled its plan to tap the public markets in the furor following the publication of “Flash Boys: A Wall Street Revolt,” a book by veteran financial journalist Michael Lewis that takes a critical look at the electronic trading industry.
