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In 2005, the IPO of the Intercontinental Exchange (ICE) experienced incredible demand. The company virtually doubled the IPO price to $24 to $26 per share and increased the size of the offering to 16 from 10 million shares based on demand. In 2016, ICE shares split five for one.
Many stocks experience corrections after an IPO, ICE shares never did. The shares were trading at $92.56 on Monday, December 9, which translates to around $463 per share or an eighteen-fold increase from its trading level in 2005.