The race to go public in the US has gained a brand new contender as
Marex Group, a UK-based monetary providers platform, has thrown its hat into
the ring by submitting for an preliminary public providing (IPO) of atypical shares with
the Securities and Trade Fee (SEC).
The small print of the providing, together with the timing, variety of shares to be
supplied, and the worth vary, haven’t but been decided. Nonetheless, the
firm goals to record its shares on the Nasdaq inventory alternate below the ticker
image “MRX.”
Moreover, Barclays, Goldman Sachs & Co. LLC, Jefferies, and Keefe, Bruyette & Woods, a Stifel Firm, have been named the joint lead book-running managers for the proposed providing.
Marex Group determined to file for an IPO in the US after the corporate dropped plans for an inventory in the UK in 2021. Nonetheless,
the primary hints that Marex needed to develop into the US publicly-listed firm
emerged in early December, when it privately submitted a preliminary
registration assertion to the SEC.
Marex Group Information for US IPO After Earlier Dropping UK Itemizing https://t.co/0Ig2mL9Cde
— John Lothian (@JohnLothian) March 26, 2024
This transfer provides Marex to the rising record of UK-based corporations in search of to go
public within the US market. In 2023, the IPO market was dominated by Nasdaq, which
attracts the biggest variety of choices within the Western world. In London,
they fell by 36% over the identical interval.
The IPO info seems two weeks after Marex strengthened its Board by
including John W. Pietrowicz, who serves as a member of the Audit & Compliance
Committee and beforehand labored for CME Group.
Marex
Summarizes the Acquisition of Cowen
4 months in the past, the corporate additionally introduced that it had accomplished the
acquisition of Cowen’s prime brokerage and outsourced buying and selling enterprise. The
transaction was closed two months after its preliminary announcement.
“Our purchasers can anticipate the identical excessive stage of service they’re
accustomed to, with the additional benefit of Marex’s in depth sources,”
Jack Seibald, the Director of Marex, commented, expressing optimism in regards to the
merger , emphasizing the continuity of service for current purchasers.
Final week, Seibald and different Marex representatives defined the
advantages the corporate gained from the acquisition of Cowen. The recording is
obtainable right here.
Finance Magnates beforehand reported
that Marex additionally strengthened its presence within the Asia-Pacific area by
changing into a buying and selling and clearing member of the Singapore Trade Group (SGX).
This strategic transfer permits Marex to supply direct buying and selling and clearing
providers to SGX purchasers.
The race to go public in the US has gained a brand new contender as
Marex Group, a UK-based monetary providers platform, has thrown its hat into
the ring by submitting for an preliminary public providing (IPO) of atypical shares with
the Securities and Trade Fee (SEC).
The small print of the providing, together with the timing, variety of shares to be
supplied, and the worth vary, haven’t but been decided. Nonetheless, the
firm goals to record its shares on the Nasdaq inventory alternate below the ticker
image “MRX.”
Moreover, Barclays, Goldman Sachs & Co. LLC, Jefferies, and Keefe, Bruyette & Woods, a Stifel Firm, have been named the joint lead book-running managers for the proposed providing.
Marex Group determined to file for an IPO in the US after the corporate dropped plans for an inventory in the UK in 2021. Nonetheless,
the primary hints that Marex needed to develop into the US publicly-listed firm
emerged in early December, when it privately submitted a preliminary
registration assertion to the SEC.
Marex Group Information for US IPO After Earlier Dropping UK Itemizing https://t.co/0Ig2mL9Cde
— John Lothian (@JohnLothian) March 26, 2024
This transfer provides Marex to the rising record of UK-based corporations in search of to go
public within the US market. In 2023, the IPO market was dominated by Nasdaq, which
attracts the biggest variety of choices within the Western world. In London,
they fell by 36% over the identical interval.
The IPO info seems two weeks after Marex strengthened its Board by
including John W. Pietrowicz, who serves as a member of the Audit & Compliance
Committee and beforehand labored for CME Group.
Marex
Summarizes the Acquisition of Cowen
4 months in the past, the corporate additionally introduced that it had accomplished the
acquisition of Cowen’s prime brokerage and outsourced buying and selling enterprise. The
transaction was closed two months after its preliminary announcement.
“Our purchasers can anticipate the identical excessive stage of service they’re
accustomed to, with the additional benefit of Marex’s in depth sources,”
Jack Seibald, the Director of Marex, commented, expressing optimism in regards to the
merger , emphasizing the continuity of service for current purchasers.
Final week, Seibald and different Marex representatives defined the
advantages the corporate gained from the acquisition of Cowen. The recording is
obtainable right here.
Finance Magnates beforehand reported
that Marex additionally strengthened its presence within the Asia-Pacific area by
changing into a buying and selling and clearing member of the Singapore Trade Group (SGX).
This strategic transfer permits Marex to supply direct buying and selling and clearing
providers to SGX purchasers.
