Marex Group plc, a diversified global financial services platform, today announces that it has launched the initial public offering (IPO) of its ordinary shares.
A total of 15,384,615 ordinary shares are being offered, 25% of which are being offered by Marex and 75% of which are being offered by certain selling shareholders.
In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,307,692 ordinary shares to cover over-allotments.
The IPO price is currently estimated to be between $18 and $21 per share.
Marex’s ordinary shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol “MRX”.
Barclays, Goldman Sachs & Co. LLC, Jefferies and Keefe, Bruyette & Woods, a Stifel Company, are acting as joint lead book-running managers and as representatives of the underwriters for the proposed offering.
Citigroup, UBS Investment Bank, Piper Sandler and HSBC are acting as bookrunners for the proposed offering. Drexel Hamilton and Loop Capital Markets are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.
