Marex Group (MRX) Launches 15.38M Share IPO

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Go back to Marex Group (MRX) Launches 15.38M Share IPO

Marex Group plc Announces Launch of Initial Public Offering

April 15, 2024 9:19 AM EDT

NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (Marex), the diversified global financial services platform, today announces that it has launched the initial public offering (the 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 (the Selling Shareholders).

In connection with 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... More