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ICE
2026-08-11 13:39:02

NYSE Parent ICE Launches Investment-Grade Bond Sale Weeks After MarketAxess Deal

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has launched a US investment-grade bond offering, according to Bloomberg, just two weeks after announcing its roughly $6 billion deal to acquire electronic bond trading platform MarketAxess. The bond sale is split into as many as five tranches, with maturities ranging from three to ten years. Initial pricing guidance on the longest-dated notes is set at a spread of about 1.15 percentage points over US Treasuries. ICE said earlier it would buy MarketAxess Holdings for around $6 billion to expand in fixed-income trading. MarketAxess is one of the world's leading electronic bond trading venues, serving institutional investors with corporate and government debt products. The acquisition is seen as a key step in ICE's push to strengthen bond market infrastructure. ICE already operates the NYSE, futures exchanges, clearing houses and data services; MarketAxess's electronic network would broaden its fixed-income ecosystem. Market participants say traditional exchange operators are chasing institutional market share through acquisitions as bond trading goes digital, and the financing reflects a broader trend of large financial infrastructure firms using debt markets to back strategic M&A.

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NYSE Parent ICE Launches Investment-Grade Bond Sale Weeks After MarketAxess Deal
Polymarket
2026-08-05 08:56:20

Polymarket seeks fresh funding at a reported $20 billion valuation

Polymarket is seeking a new round of funding at a target valuation of $20 billion, according to a Tuesday Bloomberg report citing people familiar with the matter. The move comes only months after the prediction-market platform completed a financing round in April at a $15 billion valuation, with Intercontinental Exchange, the parent company of the New York Stock Exchange, investing $600 million. Polymarket previously told CNBC in June that its annualized revenue had surpassed $1 billion. The company’s trading activity dipped briefly in April and May before rebounding during the World Cup, when volumes hit a record high. Founder and CEO Shayne Coplan has continued to frame Polymarket as an information platform rather than a gambling site, saying prediction markets let users test their views with real money. Competition in the sector is also rising. Coinbase and Robinhood have added prediction-market features to their product lines, while rival platform Kalshi is reportedly pursuing a new fundraising round at a $40 billion valuation. The two companies operate with different structures: Kalshi runs a federally regulated exchange for event contracts, while Polymarket is built on blockchain infrastructure and settles trades in cryptocurrency.

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Polymarket seeks fresh funding at a reported $20 billion valuation
Polymarket
2026-08-04 14:08:59

Polymarket in early talks to raise $1 billion at valuation above $20 billion

Polymarket is in early discussions with potential investors to raise about $1 billion at a valuation topping $20 billion, according to CNBC and Bloomberg. The reported target would mark another sharp jump for the prediction-market platform, whose valuation was $9 billion last year when Intercontinental Exchange, the parent company of the New York Stock Exchange, invested $1 billion. A round in April this year lifted the figure to $15 billion, and Polymarket told CNBC in late June that its annualized revenue was already “well above $1 billion.” The fundraising push comes as competition in the prediction-market sector intensifies. The Wall Street Journal reported that rival Kalshi is also in talks to raise capital at a $20 billion valuation. ABMedia said earlier that the combined trading volume of Kalshi and Polymarket hit a record in July, surpassing $50 billion.

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Polymarket in early talks to raise $1 billion at valuation above $20 billion