News

Marex Group Plc and a group of the London-based firm’s shareholders are seeking to raise as much as $323 million in a US initial public offering. The financial services platform and the selling shareholders plan to market a total of 15.4 million shares for $18 to $21 each, according to a filing Monday with the US Securities and Exchange Commission.

Barclays, Goldman Sachs and Jefferies have won key mandates as trading services firm Marex prepares a New York IPO. The trio join Keefe, Bruyette & Woods as lead bookrunning managers for the listing, as bankers try to ride a recent wave of positivity around a capital markets rebound.

The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.

Deadlifts beat discounted cash flow on the new buff Wall Street.

The Canadian Investment Regulatory Organization (CIRO) has released its inaugural three-year Strategic Plan outlining areas the public interest regulator will focus on to promote healthy capital markets. “The Strategic Plan acknowledges the industry’s significant transformation, influenced by the evolving needs of Canadians and technological innovation,” said Andrew J. Kriegler, President and CEO, CIRO.