Marex Group plc, a diversified global financial services platform, 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.
Connected to 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.
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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.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.
