Deutsche Boerse Said to Add Banks to $1 Billion IPO of ISS (1)

Deutsche Boerse AG has added more banks to a potential $1 billion initial public offering of its governance data and analytics unit ISS Stoxx, according to people familiar with the matter, as it weighs whether to list a stake held by a private equity firm or buy it back.

The German stock exchange operator has selected Bank of America Corp., Berenberg, BNP Paribas SA, Commerzbank AG, Goldman Sachs Group Inc., Jefferies Financial Group Inc. and Societe Generale SA to work in junior roles on a listing of the division, said the people. A potential IPO could take place in ...