Marex Spectron confirms intention to float in London
By Sean Farrell
Date: Friday 21 May 2021
(Sharecast News) - Marex Spectron has confirmed its intention to float on the London Stock Exchange.
The commodities broker said it intended to apply for its shares to have a premium listing on London's main market. The initial public offering will comprise existing shares.
After admission the company will have a free float of at least 25% of its share capital and expects to be eligible for inclusion in the FTSE UK indices. Shares representing a further 15% of the offer will be made available to investors as an over-allotment option.
The details confirmed plans set out on 14 May when the company said it was considering an IPO.
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