Tradeweb Markets (TW) Prices 11.16M Class A Share Upsized Follow-On Offering at $50.25/Sh

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Go back to Tradeweb Markets (TW) Prices 11.16M Class A Share Upsized Follow-On Offering at $50.25/Sh

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Tradeweb Markets (TW) Reports Prelim. 1Q Adj. EPS Above Consensus; Announces Proposed 10.95M Class A Share Follow-On Offering

April 21, 2020 5:45 AM EDT

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the launch of an underwritten offering of 10,950,000 shares of its Class A common stock, subject to market conditions and other factors. Tradeweb expects to grant the underwriters a 30-day option to purchase up to an additional 1,642,500 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.

In conjunction with this offering, Tradeweb Markets Inc. disclosed its preliminary financial results for the first quarter of 2020,... More