NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Marex Group plc ("Marex"), the diversified global financial services platform, today announces that it has launched the initial public offering (the "IPO") of its ordinary shares. A total of 15,384,615 ordinary shares are being offered, 25% of which are being offered by Marex and 75% of which are being offered by certain selling shareholders (the "Selling Shareholders"). In connection with the offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,307,692 ordinary shares to cover over-allotments. The IPO price is currently estimated to be between $18 and $21 per share. Marex's ordinary shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol "MRX". Barclays, Goldman Sachs & Co. LLC, Jefferies and Keefe, Bruyette & Woods, a Stifel Company, are acting as ...