Tradeweb Plans Stock Sale, Reports Preliminary 3Q Adjusted EPS 27 Cents
October 15 2019 - 8:11PM
Dow Jones News
By Josh Beckerman
Tradeweb Markets Inc. (TW) said preliminary third-quarter
adjusted earnings were 27 cents a share and said it plans to sell
14.8 million shares.
The electronic trading company's preliminary results were
included in its registration statement for the stock offering. The
company is in the process of finalizing results.
Preliminary figures included net income of $29.6 million, or 20
cents a share, on gross revenue of $201 million.
Tradeweb, which held its initial public offering in April, plans
to use proceeds from the stock sale to buy equity interests from
some existing owners.
Refinitiv will continue to own a controlling stake. In 2018, a
consortium led by Blackstone Group Inc. (BX) bought 55% of Thomson
Reuters Corp.'s (TRI) Financial & Risk business and named it
Refinitiv.
London Stock Exchange Group PLC (LSE.LN) said Aug. 1 that it
agreed to buy Refinitiv for about $27 billion including debt.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 15, 2019 19:56 ET (23:56 GMT)
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