Trading platform Tradeweb Markets files for an estimated $500 million IPO

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Tradeweb Markets, an electronic trading platform backed by Blackstone and Thomson Reuters, filed on Thursday with the SEC to raise up to an estimated $500 million in an initial public offering.

The New York, NY-based company was founded in 1996 and booked $658 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol TW. Tradeweb Markets filed confidentially on November 13, 2018. J.P. Morgan, Citi, Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Trading platform Tradeweb Markets files for an estimated $500 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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