Marex Announces Pricing of Second Follow-On Offering
Deal News | Apr 17, 2025 | JRJ Group
On April 17, 2025, Marex Group plc announced the pricing of a public offering of 10,283,802 ordinary shares by certain selling shareholders at $35.50 per share. This offering, which will not involve the sale of any shares by Marex itself, is expected to close on the same day, contingent upon customary closing conditions. The selling shareholders have provided underwriters with a 30-day option to purchase an additional 1,542,570 ordinary shares. The transaction's lead book-running managers and representatives include Goldman Sachs & Co. LLC, Barclays, and Jefferies, with further support from UBS Investment Bank, Keefe, Bruyette & Woods, a Stifel Company, Piper Sandler & Co., TD Securities, and Berenberg as bookrunners. With this significant financial maneuver supported by a registration statement on Form F-1 declared effective by the SEC, Marex continues to fortify its position as a diversified global financial services firm. However, the offering is subject to various conditions, including market volatility, geopolitical developments, and regulatory compliance, as narrated in their forward-looking statements. Despite these potential risks, Marex is poised to strengthen its capital structure through this offering, underlining the robust involvement of key financial players in its strategy.
Sectors
- Financial Services
- Investment Banking
Geography
- United States – The share offering is registered with the U.S. SEC, and involved parties include U.S.-based financial institutions.
- United Kingdom – As a plc (public limited company), Marex Group is likely headquartered or operates significantly out of the UK.
Industry
- Financial Services – The article focuses on a public offering in the financial sector, with Marex Group plc positioning itself as a major global financial services platform.
- Investment Banking – The involvement of underwriters like Goldman Sachs, Barclays, and Jefferies highlights the role of investment banking services in the share offering.
Financials
- $35.50 per share – The price at which the ordinary shares are being offered.
- 10,283,802 ordinary shares – The total number of shares being offered by the selling shareholders.
- 1,542,570 additional shares – The number of additional shares that may be purchased by the underwriters within 30 days.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marex Group plc | Target Company | Company | A diversified global financial services platform conducting a public share offering. |
| JRJ Group | Private Equity Firm | Company | The private equity firm backing Marex Group. |
| Goldman Sachs & Co. LLC | Lead Book-Running Manager / Representative of the Underwriters | Company | One of the lead entities managing the Marex share offering. |
| Barclays | Lead Book-Running Manager / Representative of the Underwriters | Company | One of the lead entities overseeing the financial aspects of the offering. |
| Jefferies | Lead Book-Running Manager / Representative of the Underwriters | Company | Another major institution acting as a lead manager in the offering. |
| UBS Investment Bank | Bookrunner | Company | Investment Bank acting as bookrunner for the offering. |
| Keefe, Bruyette & Woods, a Stifel Company | Bookrunner | Company | Bookrunner supporting the offering, focusing on financial services. |
| Piper Sandler & Co. | Bookrunner | Company | Another entity acting as bookrunner in the transaction. |
| TD Securities | Bookrunner | Company | Part of the underwriters team as bookrunner. |
| Berenberg | Bookrunner | Company | European investment bank participating as a bookrunner. |
| U.S. Securities and Exchange Commission (SEC) | Regulatory Body | Government | The U.S. regulatory body with which the offering is registered. |