The company has identified significant consolidation opportunities within the relatively disjointed territory in which it operates. Within the market, many small players lack the necessary scale and are also beginning to struggle with the increasing burden of regulations and technology. Marex has also managed to demonstrate profitable growth despite the presence of recent market volatility, ending 2020 with increased net revenue as well as an increased operating profit.
Lowitt added:
The attractiveness and resilience of our business model is demonstrated by our latest set of results which showcase continued strong performance despite the obvious macro headwinds. I am excited about the next stage of our development and the growth opportunities ahead. We look forward to generating continued value for all our stakeholders.
If Marex goes ahead with the IPO as planned, it is currently expected that the set up would consist of an offer of existing shares to be sold off by selected existing shareholders within the company’s sphere. Further details relating to the offer are set to be disclosed in the Intention to Float announcement, expected to be published in the near future.
Marex recently published its results for the financial year 2020 and revealed that the company’s net revenue reached $414.7 million. This marks an 18% rise compared to 2019 when the company registered 2.2 million.
