Tradeweb Markets Inc.

Tradeweb Markets Inc. (TW) priced its initial public offering on Apr 5, 2019 at $27.00 per share, above its $24.00–$26.00 range, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $6B. J.P. Morgan was lead-left underwriter, joined by Citigroup, Goldman Sachs and Morgan Stanley and others. Fried Frank advised the company and Davis Polk advised the underwriters.

Tradeweb Markets Inc. builds and operates electronic marketplaces for institutional, wholesale and retail clients across the financial ecosystem. Its platforms support trading in products such as U.S. Treasuries, mortgage-backed securities, European government bonds and interest rate swaps, with users in 62 countries.

Status

IPO

Ticker

TW

Exchange

Nasdaq Global Select

Priced

Apr 5, 2019

IPO price

$27.00

Price range

$24.00–$26.00

Market cap at IPO price

$6B

First filed

Mar 7, 2019

Underwriters

J.P. Morgan, Citigroup, Goldman Sachs, Morgan Stanley, Barclays, Credit Suisse, Deutsche Bank, UBS, Wells Fargo and Jefferies

Company counsel

Fried Frank

Underwriters' counsel

Davis Polk

Sector

Financials

Country / state

NY

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