BATS Global Markets shares opened their first day of trading Friday at $22.88 a share, up 20% from the high end of the initial public offering price of $19 a share.
Trading on the shares, in BATS’ BZX exchange under the ticker symbol BATS, jumped to a high of $23.39 early in the session but stabilized throughout the rest of the trading day to close at $22.95.
BATS raised $252.7 million on the sale of 13.3 million shares. It had priced the IPO at $17 to $19.
Citigroup and Morgan Stanley led the offering.
BATS originally filed for the IPO on Dec. 16 and said it would seek to raise $100 million.
In March 2012, BATS canceled an attempted IPO on both its exchange and Nasdaq because of an apparent software glitch affecting the trading in shares of Apple and other companies, including BATS.
