Marex Group began trading on the Nasdaq on Thur 25 Apr 24

Marex Group plc, a financial services platform, provides liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets.

• British commodities broker
• Sector: Financial Services
• Industry: Capital Markets
• Full Time Employees: 1,063
• Incorporated in 2005 
• Headquartered in London, the United Kingdom
• https://www.marex.com

The company along with some of its existing shareholders raised $292.3 million in its IPO, selling nearly 15.4 million shares at $19 each, within its marketed range of $18 to $21.

The company's listing is yet another blow to London capital markets, which witnessed a series of notable departures last year as domestic or locally listed companies shifted to New York in pursuit of greater liquidity and higher valuations.

The broker, backed by private equity firm JRJ, confidentially filed for an IPO in New York last December, two years after the company's failed attempt to list in London.

"It has been a blow to the European bourses as European companies switch their primary listing and/or do glitzy launches on the NASDAQ and NYSE," said Michael Ashley Schulman, partner and chief investment officer at Running Point Capital Advisors.