Davis Polk advised the underwriter Morgan Stanley & Co. on the offering.
Intercontinental Exchange executed its block trade of 9,180,569 shares of common stock. The shares sold in the offering were issued to the selling shareholder in connection with ICE’s acquisition of Ellie Mae, Inc., which was completed on September 4, 2020. The common stock is listed on the NYSE under the symbol “ICE.”
ICE is a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services.
The Davis Polk capital markets team advising the underwriter included partner Joseph A. Hall (Picture) and associate Rahul K. Patel. The tax team included partner Michael Farber and associate Ben Levenback.
Law Firms: Davis Polk & Wardwell;
Clients: Morgan Stanley;