Tradeweb Files IPO

Tradeweb files IPO. Plans to list on the NASDAQ under the symbol 'TW'. The company plans to offer up to $100 million in common stock.

The offering is being led by JP Morgan, Citi, Goldman Sachs and Morgan Stanley with assistance from BofA, Barclays, Credit Suisse, Deutsche Bank, UBS, Wells Fargo, Jefferies and Sandler O'Niell.

Tradeweb is a leader in building and operating electronic marketplaces for their global network of clients across the financial ecosystem. The company's network is comprised of clients across the institutional, wholesale and retail client sectors, including many of the largest global asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms and retail brokerage and financial advisory firms, as well as regional dealers. The marketplaces facilitate trading across a range of asset classes, including rates, credit, money markets and equities. They are a global company serving clients in 62 countries with offices in North America, Europe and Asia. They believe their proprietary technology and culture of collaborative innovation allow them to adapt their offerings to enter new markets, create new platforms and solutions and adjust to regulations quickly and efficiently. They support clients by providing solutions across the trade lifecycle, including pre-trade, execution, post-trade and data. The marketplaces provide deep pools of liquidity with average daily trading volume for 2018 of over $549 billion across more than 40 products.

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