Marex Group plc, a diversified global financial services platform, today announces that it has launched an initial public offering (IPO) of its common shares.
A total of 15,384,615 common shares are being offered, of which 25% are being offered by Marex and 75% are being offered by certain selling shareholders.
In connection with the offering, the selling stockholders have granted the underwriters a 30-day right to purchase up to 2,307,692 additional common shares to cover over-allotments.
The IPO price is currently estimated at between $18 and $21 per share.
Marex’s common stock is expected to trade on the Nasdaq Global Select Market under the symbol “MRX.”
Barclays, Goldman Sachs & Co. LLC, Jefferies and Keefe, Bruyette & Woods, a Stifel Company, are acting as joint lead bookrunners and 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 offer will be made by prospectus only.
A registration statement relating to these securities has been filed with the US Securities and Exchange Commission, but has not yet become effective.