Intercontinental Exchange to Split Stock 5-for-1

Intercontinental Exchange (NYSE: ICE), owner of the New York Stock Exchange,  has declared a five-for-one stock split of ICE’s common stock.

Stockholders of record as of the close of market on October 27, 2016 will receive four additional shares for each share of ICE common stock held on such record date. The new shares will be payable on November 3, 2016. ICE’s common stock is expected to begin trading on a split-adjusted basis on November 4, 2016.

ICE shares traded around $271 on Monday morning.

Based in Atlanta, ICE operates the New York Stock Exchange and a total of 11 exchanges around the globe.