Recent content by AllMercury

From today you can put in a bid for what price and how many shares you are prepared to buy. At the end of the bidding the shares are sold to the highest bidders, at not more than the lowest succesful bidder's price.

I'm finding the company structure confusing. At first reading it looks like they are issuing shares for a 5% share of a new public company Interactive Brokers Group Inc, with the existing owners holding 95% of this public company. This public company in turn holds 5% ownership of IBG LLC, which...