Tradeweb Markets (TW) Prices 11.16M Class A Share Upsized Follow-On Offering at $50.25/Sh

Tradeweb Markets Inc. (NASDAQ: TW) today announced the pricing of its follow-on offering of 11,161,083 shares of its Class A common stock at a price to the public of $50.25 per share. In addition, the underwriters have a 30-day option to purchase up to an additional 1,674,162 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions. The closing of the offering is expected to occur on April 27, 2020, subject to satisfaction of customary closing conditions.

Tradeweb will use the net proceeds from the offering to purchase equity interests from certain existing owners. Refinitiv will continue to own a controlling interest in Tradeweb following the offering.

J.P. Morgan, Barclays, Citigroup, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint lead book-running managers for the offering. BofA Securities, Credit Suisse, Deutsche Bank Securities and Wells Fargo Securities are acting as joint book-running managers for the offering.

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