Intercontinental Exchange: Undervalued, Diversified Exchange With Strong History Of Acquisition Integrations
ICEIntercontinental Exchange(ICE) Seeking Alpha·2024-06-30 02:35

Marc Dufresne/iStock Unreleased via Getty Images A Well Diversified Exchange and Data Provider; Multiple Likely to Expand as Mortgage Market Improves Intercontinental Exchange (NYSE:ICE) is an extremely well diversified global exchange group with ~50% of revenue coming from Exchanges, ~25% of revenue derived from Fixed Income & Data Services and ~25% of revenue derived from Mortgage Technology. Following the announcement of the acquisition of Black Knight, ICE’s multiple has come under a bit of pressure giv ...