Marex Group (MRX) Prices 15.38M Share IPO at $19/sh

Go back to Marex Group (MRX) Prices 15.38M Share IPO at $19/sh

Marex Group plc Announces Pricing of Initial Public Offering

April 24, 2024 9:33 PM EDT

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (Marex), the diversified global financial services platform, today announces the pricing of its initial public offering (the IPO), at $19.00 per share. A total of 15,384,615 ordinary shares are being offered, of which 3,846,153 shares are being offered by Marex and 11,538,462 shares are being offered by certain selling shareholders (the Selling Shareholders). Marex will not receive any proceeds from any sale of shares by the Selling Shareholders. The ordinary shares are expected to begin trading on the Nasdaq Global Select Market on April 25, 2024, under the ticker symbol MRX. The offering is expected to close on... More