Tradeweb Prices IPO of 40 Million Shares at $27 per Share
April 03 2019 - 7:17PM
Dow Jones News
By Stephen Nakrosis
Tradeweb Markets Inc. on Wednesday announced it was pricing its
initial public offering of 40 million shares at $27 a share.
Both the size of the IPO and the price were above the company's
previous estimates.
Shares are expected to begin trading an April 4 on the Nasdaq
Global Select Market under the symbol "TW." The offering is
expected to close April 8.
The company said "net proceeds from the offering will be used to
purchase equity interests from certain existing bank
stockholders."
Tradeweb operates electronic marketplaces for rates, credit,
equities and money markets.
Refinitiv will continue to own a controlling interest in
Tradeweb following the offering.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 03, 2019 19:02 ET (23:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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