Virtu Financial looks to raise €285m

Virtu Financial says it plans to raise up to $314m (€284.8m) in a share sale. The company delayed its initial public offering amid a furor over high-frequency traders arising from a best-selling book release.

Virtu will offer about 16.5m shares at $17 to $19 apiece, according to a regulatory filing yesterday. At the high end of the offering range, Virtu would be valued at about $2.6bn.

All of the shares are being sold by the company, rather than by existing investors.