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#SaxoStrats - Virtu 'selling themselves cheap' in USD 2.5 billion IPO

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High-frequency trader Virtu is poised to launch a USD 2.5 billion IPO on the NASDAQ next week and Head of Equity Strategy Peter Garnry explains why he'll be buying the stock.

Shares are currently priced between USD 17 and USD 19 which Peter thinks gives good value to investors especially when the USD 0.24 dividend due this autumn is taken into account.