When ICE initially planned the IPO, European regulators instructed ICE to keep a minimum 25% stake in the company for at least three years after the public offering, unless it can find investors who can. With the group of investors committing to hold the 33% stake for at least three years, ICE is no longer compelled to keep that stake.
Source: Markets
Author
Harry Joiner
“… a dominant recruiter in the client-side multichannel ecommerce space …” — SearchEngineWatch.com