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Week of Expected Pricing 4/25/2024
Company Name MAREX GROUP PLC
Proposed Ticker MRX
CUSIP G5S37H101
Business Description Marex is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. We provide critical services to our clients by connecting them to global exchanges and providing a range of execution and hedging services across a range of our asset and product classes. We operate in a large and fragmented market with significant infrastructure requirements and regulatory and technological complexity, resulting in high barriers to entry. Moreover, our market is characterized by reduced competitive intensity as we believe many large banks and other financial institutions have reduced their participation in this part of the financial ecosystem. We consider these trends to elevate our value proposition and support our growth, as the scale and diversity of our business enable us to effectively service an underserved and growing global client base.
Lead Underwriter Barclays Capital Inc,Goldman Sachs & Co. LLC,Jefferies LLC,Keefe, Bruyette & Woods, Inc
Co-Managers Citigroup Global Markets Inc,Drexel Hamilton, LLC,HSBC Securities (USA) Inc,Loop Capital Markets, LLC,Piper Sandler & Co,UBS Investment Bank
Initial Shares 15,384,615
Revised Initial Shares N/A
Initial Price $18.00-$21.00
Revised Price $19.00-$19.00
Final Price $19.00
Final Ticker MRX

 

 

   
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