Commodities broker Marex Spectron said on Friday that it is considering an initial public offering on the main market of the London Stock Exchange.
Marex said it intends to have a free float of at least 25% of the business and expects that it would be eligible for inclusion in the FTSE UK indices.
Acquisitions have historically been an important growth driver for Marex and the company said they continue to form a “central pillar” of its strategy.
Chief executive Ian Lowitt said: “Marex is able to provide access to the world’s largest commodity markets with our broad and specialised offering which enables the business to serve the diverse needs of the largest commodities and financial markets clients.
“Marex is an agile, technology driven business, with advanced data and analytics capabilities, operating in a growth market with high barriers to entry. The attractiveness and resilience of our business model is demonstrated by our latest set of results which showcase continued strong performance despite the obvious macro headwinds.
“I am excited about the next stage of our development and the growth opportunities ahead. We look forward to generating continued value for all our stakeholders.”
