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Apr 14 - 05:55 PM

Commodities - Broker Marex Slips On Secondary Offering Launch

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

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