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Dec. 6, 2002: A lot has changed since the Chicago Mercantile Exchange Inc. became the first major U.S. financial exchange to sell shares in itself.
Shortly after the Chicago Merc's successful offering on the New York Stock Exchange, Nasdaq Stock Market Inc. followed with an offering of its own. In subsequent years, other major exchanges have not only issued publicly traded shares, but they have also started to merge with both domestic rivals and foreign peers. Ultimately, the trend culminated in the Big Board not only merging, but using a deal as a means to go public. In 2006, NYSE used its merger with Archipelago Holdings to go public. Like its peers, the Chicago Merc was no exception. However, it didn't lead the rush to merge, but when it finally joined the party, it made a big splash with its 2007 agreement to buy crosstown rival the Chicago Board of Trade for $11.5 billion. Below is a list of some of the other recent exchange mergers:
— Matthew Wurtzel See 2002 story from TheDeal.com: Chicago Merc shines in debut See 2007 story from TheDeal.com: Chicago Merc prevails in CBOT fight See 2007 story from TheDeal.com: Nasdaq closer to buying OMX See 2007 story from TheDeal.com: Phil-Ex strategic investors strike it rich See 2007 story from TheDeal.com: Nasdaq to buy Boston exchange See 2007 story from TheDeal.com: Nymex reportedly in buyout talks See 2007 story from TheDeal.com: Nasdaq between rock and LSE See 2007 story from TheDeal.com: NYSE wins Euronext See 2006 story from TheDeal.com: NYSE debuts as a public company See 2006 story from TheDeal.com: ICE to buy NY Board of Trade See 2006 story from TheDeal.com: LSE rejects Nasdaq See 2002 story from TheDeal.com: More US exchanges to push for IPOs Categories Deal Video
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