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BATS CEO: No IPO right now

Chris Concannon
Source: Chris Concannon
Chris Concannon

The new CEO of BATS Global Markets told the Kansas City Business Journal that his company is not planning an initial public offering at this point in time.

In an interview with the Journal Chris Concannon said that "rumors of a possible IPO are nothing more than wishful thinking on the part of investors."

"The cash we're generating now is enormous," he said. "We have everything we need, so there is no demand for a big distracting event like an IPO right now."

Concannon also said that shareholders had invested about $160 million over the years but have received more than $500 million in dividends in the past two years alone.

Read the full coverage at the Kansas City Business Journal.