01.10.2019
By Rob Daly Editor-at-Large

Tradeweb Reportedly Files for IPO

01.10.2019 By Rob Daly Editor-at-Large

Electronic fixed-income trading venue operator Tradeweb has filed for an initial public offering confidentially, according to news reports.

The business, which is co-owned by Thomson Reuters and Refinitiv, could be expected to fetch as much as $4 billion, according to reports an unnamed source told Bloomberg.

Such a move has been scuttlebutt on the Street since Refinitiv CEO David Craig said such a move was an option for the business, the Financial News reported in October 2018.

Approximately a month later, Refinitiv and Tradeweb renewed a multi-year data re-distribution agreement that would provide users of Refinitiv various platforms with Tradeweb’s institutional, wholesale, and retail markets.

Bloomberg’s reportage also noted that the current partial shutdown of the US Federal government might delay the IPO as it has it could depress stock prices as well as mergers and acquisitions.

Related articles

  1. Buy-side users can access Tradeweb’s RFQ process while strengthening relationships with diverse dealers.

  2. The Treasury is soliciting public feedback on additional post-trade data transparency.

  3. Clients can access UMBS TBA futures alongside U.S. Treasury and short-term interest rate contracts.

  4. Bringing Neptune onto Genesis technology makes it easy to add features, datasets and analytics.

  5. European financial markets would benefit from a well-functioning fixed income consolidated tape.