Marex prices IPO price in the US, achieving a valuation of $1.35 billion

Marex Group: 

A British company that deals with commodities, like raw materials such as oil, metals, or agricultural products, decides to put some of its sales ownership on the public in the United States. They set the price of each share at $19, intending to collect about $292 million from investors who want to buy a piece of their company.

While the company decides how much the whole company is worth, the IPO prices in the US estimated the value to be about $1.35 billion based on the number of shares it was offering to sell. Thus, Marex prices IPO in the US reached a valuation worth $1.35 billion.

These shares will be traded on a stock exchange called Nasdaq under the symbol "MRX." They target to move the list of their shares to the U.S. instead of London, which is a setback for London's financial markets because many other companies have been doing the same thing. On moving to New York, After all, they believe they can get better prices for their shares there.

Marex is not only in Europe; it also operates in the Americas, the Middle East, and the Asia-Pacific regions, which is the reason today Marex prices IPO in the US. Over the past few years, stats show the reach of active clients to more than 4,000 in 2023, from nearly 1,800 in 2018. As of Dec. 31, it had about 2,000 employees in more than 35 global offices. Marex prices and its workforce expanding which can be seen to be at the forefront of its mission successfully.