10:34 AM EDT, 04/15/2024 (MT Newswires) -- Marex Group said Monday it has launched its initial public offering of about 15.4 million ordinary shares, currently expected to be priced at $18 to $21 per share.

The financial services platform said it is offering 25% of the shares under the IPO, while certain selling shareholders are offering the remaining 75%. The selling shareholders granted the underwriters a 30-day option to purchase up to about 2.3 million additional shares.

The shares are expected to trade on Nasdaq under the ticker symbol, "MRX."