Intercontinental Exchange Invests in OKX at $25B Valuation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy ICE?
Last year, OKX Chief Marketing Officer Haider Rafique met with the Jeffrey Sprecher, Chairman of Intercontinental Exchange, Ben Weiss of Fortune reports. The chat, which was planned to last 30-minutes, soon turned into a four-hour conversation. Months later, what began as an informal chat transformed into a series of meetings, eventually ending with Intercontinental Exchange investing in OKX at a $25B valuation. "There was great chemistry in how we looked at the world and the future of tokenized securities, how derivatives should make it to the global stage, how TradFi digital assets should merge together," said Rafique, referring to his initial meeting with chairman Sprecher. OKX will provide IntercontinentalExchange with a live price feed of cryptocurrencies, and will allow users to trade tokenized stocks and derivatives listed on the NYSE.
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Analyst Views on ICE
Wall Street analysts forecast ICE stock price to rise
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 160.170
Low
174.00
Averages
191.60
High
223.00
Current: 160.170
Low
174.00
Averages
191.60
High
223.00
About ICE
Intercontinental Exchange, Inc. provides financial technology and data services across major asset classes, helping its customers access workflow tools that increase transparency and efficiency. Its Exchanges segment operates regulated marketplace technology for the listing, trading and clearing of an array of derivatives contracts and financial securities as well as data and connectivity services related to its exchanges and clearing houses. Its Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics and execution services as well as global credit default swaps (CDS), clearing and multi-asset class data delivery technology. Its Mortgage Technology segment provides a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the United States residential mortgage market life cycle, from application through closing, servicing and the secondary market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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