Institutional trading platform LMAX Group is working with Morgan Stanley and KBW, Stifel’s investment banking arm, to review a possible sale or public listing.
Summary
- LMAX reviews a sale, SPAC merger, or listing that could value it at $5 billion.
- Morgan Stanley and KBW are advising LMAX, while Nasdaq ranks as its preferred listing venue.
- Ripple’s $150 million financing and Omnia exchange launch support LMAX’s push into institutional digital markets.
People familiar with the private discussions told CoinDesk that a transaction could value the London-based company at up to $5 billion. The options include a full sale, a special purpose acquisition company…
