By Lance Tupper — Apr 14 - 04:37 PM
• U.S.-listed shares of Marex Group fall 3.8% to $37 in post-market trading on share offering launch
• UK-based commodities broker certain selling shareholders to offload 8.5 mln shares
• Private equity firm JRJ Group, which owns ~14.4 mln shares , or ~20% stake, looks to sell ~3.6 mln of shares being offered, per the
• G
oldman Sachs, Barclays and Jefferies are lead bookrunners
• MRX shares on Mon closed up 2.8% at $38.47
• Marex went public last Apr after co and existing investors sold nearly 15.4 mln shares in priced at $19
• Earlier on Mon, co told Reuters it bought UK cobalt trader
Darton Commodities, while declining to provide more details
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters