Marex Group Ltd

Marex Group Ltd (MRX) priced its initial public offering on Apr 26, 2024 at $19.00 per share, within its $18.00–$21.00 range, raising $292.3M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.35B. Barclays was lead-left underwriter, joined by Goldman Sachs, Jefferies and Stifel and others. Herbert Smith Freehills and Latham & Watkins advised the company and Kirkland & Ellis advised the underwriters.

Marex Group Ltd is a diversified global financial services platform providing liquidity, market access and infrastructure services to clients across energy, commodities and financial markets, connecting them to global exchanges and offering execution and hedging services.

Status

IPO

Ticker

MRX

Exchange

Nasdaq Global Select

Priced

Apr 26, 2024

IPO price

$19.00

Price range

$18.00–$21.00

Raised

$292.3M

Market cap at IPO price

$1.35B

First filed

Mar 26, 2024

Underwriters

Barclays, Goldman Sachs, Jefferies, Stifel, Citigroup, UBS, Piper Sandler, HSBC, Drexel Hamilton and Loop Capital

Company counsel

Herbert Smith Freehills and Latham & Watkins

Underwriters' counsel

Kirkland & Ellis

Sector

Financials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.