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Cboe Global Markets Completes Acquisition Of Neo, Strengthening Global Equities And Listings Offerings

Jun 01, 2022•about 3 years ago

Acquiring Company

Cboe Global Markets

Acquired Company

NEO

Chicago

Description

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced it has acquired NEO1, a fintech organization comprised of a fully registered Canadian securities exchange (NEO Exchange) with a diverse product and services set ranging from corporate listings to cash equities trading and a non-listed securities distribution platform (NEO Connect).

Company Information

Company

Cboe Global Markets

Location

Chicago, Illinois, United States

About

Cboe Global Markets, Inc. is a leading global exchange, providing trading and investment solutions to investors around the world. The company offers a wide range of products including options, futures, U.S. and European equities, exchange-traded funds (ETFs) and global foreign exchange (FX).

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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