April 15 (Reuters) - British commodities platform Marex
Group said on Monday it is seeking a valuation of up to $1.49
billion in its initial public offering in the United States
joining the list of foreign companies turning to U.S. capital
markets.
The company said in a filing it is offering to sell about
15.4 million shares at a price range of $18 to $21 apiece to
raise about $323 million.
The plan for listing in the U.S. is yet another blow to
London capital markets, which have seen a string of high-profile
defections last year by domestic or locally listed companies to
New York in search of more liquidity and higher valuations.
Marex, backed by private equity firm JRJ, in December last
year confidentially filed a draft registration statement with
the U.S. market regulator to launch an IPO.
The London-based company has applied to list its ordinary
shares on the Nasdaq Global Select Market under the symbol
"MRX".
Barclays, Goldman Sachs and Jefferies are among the
underwriters for the offering.