Dow Jones Newswires | The Chicago Board Options Exchange is moving ahead with its IPO on schedule despite the current rough market, with a road show starting early next week and a trade date scheduled for June 15.

CBOE Holdings Inc., which set a price range Thursday at $27 to $29 a share, is launching its deal at a time when initial public offerings have been struggling due to broader market volatility. Several deals have postponed and most offerings have priced below their expected ranges in May.

Analysts have said the exchange will likely do better than most offerings in the current atmosphere because of its relative rarity: It is the last member-owned U.S. exchange to demutualize and go public.

“It should play well, even in this market,” said Scott Sweet, managing
director of research firm IPOBoutique.com.

A total 11.7 million shares are being sold to the public through a
listing on the Nasdaq; 2.09 million of that total will come from private
owners and won’t benefit the exchange. The stock will trade under the
symbol CBOE.

Goldman Sachs Group Inc. is managing the offering.