Marex Group plc

General Information
Business:

Marex is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. (Incorporated in England and Wales) 

We provide critical services to our clients by connecting them to global exchanges and providing a range of execution services. We operate in a large and fragmented market with significant infrastructure requirements and regulatory and technological complexity, resulting in high barriers to entry. Moreover, our market is characterized by reduced competitive intensity as we believe many large banks and other financial institutions have reduced their participation in this part of the financial ecosystem. We believe these trends elevate our value proposition and support our growth, as the scale and diversity of our business enable us to effectively service an underserved and growing global client base.

Our business is organized into four closely connected service offerings, which combine to provide our clients with access to the full value chain in our industry from clearing to execution. Clearing is the heart of our business, providing the infrastructure that connects clients to global exchanges. We also offer clients access to deep liquidity pools both on an agency and principal basis across a range of different commodities and financial markets, including metals, agriculture, energy, equities and fixed income. If there is no on-exchange solution that meets a client’s needs, we can create bespoke, off-exchange hedging solutions. Our services are characterized by a deep understanding of products, markets and clients’ needs. Our five segments consists of our four reporting business segments – Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions – and our control and support functions in our Corporate reporting segment.

(Note: Marex Group plc disclosed the terms for its IPO in an F-1/A filing dated April 15, 2024: 15.38 million shares at a price range of $18.00 to $21.00 to raise $299.91 million. Of the 15.38 million shares in the IPO, Marex is offering 3.85 million shares and the selling shareholders are offering 11.54 million shaers. The company will not receive any money from the sale of the selling shareholders’ stock. Background: Marex Group plc filed its F-1 on March 26, 2024, without disclosing the terms for its IPO. The prospectus says the IPO could raise about $100.0 million, which is the usual placeholder figure for large IPOs. Some Wall Street pros believe that Marex Group’s IPO may raise as much as $500.0 million.)

Industry: Financial Services - Commodities Broker
Employees: 2000
Founded: 2005
Contact Information
Address 155 Bishopsgate London EC2M 3TQ United Kingdom
Phone Number +44 2076 556000
Web Address https://www.marex.com/
View Prospectus: Marex Group plc
Financial Information
Market Cap $1383.14mil
Revenues $1244.6 mil (last 12 months)
Net Income $141.3 mil (last 12 months)
IPO Profile
Symbol MRX
Exchange NASDAQ
Shares (millions): 15.4
Price range $19.00 - $19.00
Est. $ Volume $292.3 mil
Manager / Joint Managers Barclays/ Goldman Sachs/ Jefferies/ Keefe, Bruyette & Woods (A Stifel Company)
CO-Managers
Expected To Trade: 4/25/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change