I just heard that IB is doing an IPO. I do not have the details exactly, but I believe they are selling 5% of the company, valued at $500M. Since Peterffy owns something like 85% of the company, that puts the value of his shares at about $8B!! Whether the IPO is a good buy or not I don't know, but from what I have heard, they do something like $1B a year in revenues, of which $500M is profit!!!!! :eek: IMO, IB has done more than any other firm to set a level playing field for the retail trader. Congratulations. nitro
Peterffy was interviewed in II Magazine last year... it's a good read, his vision of trading automation in the early 80s was spot on. http://www.iinews.com/site/pdfs/IIMag_InteractiveBrokers_Nov_2005.pdf