Renaissance Capital logo

Marex Group Priced, Nasdaq: MRX

UK commodities broker and trading services firm.

Industry: Financials

Latest Trade: $29.67 0.00 (0.0%)

First Day Return: -0.1%

Return from IPO: +56.2%

Industry: Financials

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 services. 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 believe these trends 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. Our business is organized into four closely connected service offerings, which combine to provide our clients with access to the full value chain in our industry from clearing to execution. Clearing is the heart of our business, providing the infrastructure that connects clients to global exchanges. We also offer clients access to deep liquidity pools both on an agency and principal basis across a range of different commodities and financial markets, including metals, agriculture, energy, equities and fixed income.
more less
IPO Data
IPO File Date 03/26/2024
Offer Price $19.00
Price Range $18.00 - $21.00
Offer Shares (mm) 15.4
Deal Size ($mm) $292
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/24/2024
Offer Price $19.00
Price Range $18.00 - $21.00
Offer Shares (mm) 15.4
Deal Size ($mm) $292
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Barclays
Goldman Sachs
more
Company Data
Headquarters London, United Kingdom
Founded 2005
Employees at IPO 2,167
Website www.marex.com

Marex Group (MRX) Performance