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A commodities broker, Marex Spectron, has said it is considering an initial public offering on the main market of the London Stock Exchange.

todayMay 17, 2021

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A commodities broker, Marex Spectron, has said it is considering an initial public offering on the main market of the London Stock Exchange.

Marex said on Friday that it intends to have a free float of at least 25 per cent of the business and expects that it would be eligible for inclusion in the FTSE UK indices, according to ShareCast.

Acquisitions have historically been an important growth driver for Marex and the company said they continued to form a central pillar of its strategy.

The Chief Executive, Ian Lowitt, noted that Marex is able to provide access to the world’s largest commodity markets with their broad and specialized offering which enables the business to serve the diverse needs of the largest commodities and financial markets clients.

Written by: EaglesFM

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todayMay 17, 2021 1

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