The IntercontinentalExchange (ICE) has requested the help of three banks in its bid to float the European equity operations of New York Stock Exchange (NYSE) Euronext.
Reuters reports the ICE is in the process of completing its $8.2 billion takeover of NYSE Euronext and is looking to offload the Euronext segment of the business to help fund the deal.
The news provider cited sources who claimed ABN Amro and existing advisers on the deal, Societe Generale and JP Morgan have been asked to help coordinate any initial public offering.
As much as half of Euronext could be floated in Paris in 2014, while ICE will retain about 30 per cent. However, ICE and NYSE have said they are willing to sell Euronext if a good enough offer is submitted.
ICE hopes the deal will ease the pressure from European regulators and will retain NYSE's Liffe interest rate futures exchange.
By Tony Aynsley