CBOT Holdings' IPO price range set at $33 to $36 a share June 22, 2005 WASHINGTON -- CBOT Holdings Inc., the holding company for the Chicago Board of Trade, said Wednesday that the estimated price range for its initial public offering will be $33 to $36 a share. The Chicago-based company didn't detail how many Class A shares it plans to offer. It said in a filing with the Securities and Exchange Commission that some of the shares will be sold by holders. On May 9, CBOT Holdings said it planned to sell up to $150 million of common stock in an IPO but gave no details. Proceeds from the IPO will be used for general corporate purposes, including developing technology infrastructure and possible acquisitions and investments, the filing said. This spring, through a series of restructuring transactions, CBOT converted from a not-for-profit, member-run futures exchange to a holding company with stockholders and a nonstock, for-profit derivatives exchange subsidiary. For the three months ended March 31, CBOT had net income of $20.8 million, up from $16 million a year before. The company's shares are expected to list on the New York Stock Exchange. A stock symbol wasn't disclosed.