Marex Group plc (MRX) has announced a public offering initiated by certain shareholders looking to sell their ordinary shares. These shareholders are collectively offering 7 million shares, with the option for underwriters to acquire an additional 1.05 million shares within 30 days, if necessary.
It is important to note that Marex itself is not partaking in the sale of shares and will not gain any financial proceeds from this transaction.
The offering's proceedings are being managed by Barclays, Goldman Sachs & Co. LLC, Jefferies, and Keefe, Bruyette & Woods, a Stifel Company, who are serving as joint lead book-running managers and representatives for the underwriters.
On Monday, Marex's stock saw a modest increase, closing at $25.74, up by $0.17 or 0.66%. However, there was a setback during after-hours trading, with the stock declining by $1.18 or 4.58%.
