Marex set to to list on London stock market

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Marex set to take advantage of commodities boom and list on London stock market Share or comment on this article:

Marex set to take advantage of commodities boom and list on London stock market

By Daily Mail City & Finance Reporter

Published: 22:01 BST, 14 May 2021 | Updated: 22:17 BST, 14 May 2021

Marex is set to take advantage of the commodities boom and list on the London stock market.

The London Metal Exchange broker aims to float in June with a possible valuation of Â£500m.Â

Pricing was not disclosed but at least 25 per cent of the company will be floated.Â

Listing:Â The London Metal Exchange broker aims to float in June with a possible valuation of Â£500m

Marex specialises in steelÂ and base metals trading and the decision comes as commodity prices have hit record highs this year amid hopes of a global economic recovery.Â

Marex was founded out of the ruins of New York-based Refco, which went bankrupt in 2005 after boss Phillip Bennett was found to have hidden Â£305m in bad debts.

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