The institutional crypto trading platform LMAX is exploring options for a sale or IPO, working with Morgan Stanley and investment bank KBW:
- LMAX has rapidly expanded, introducing a 24/7 multi-asset exchange and securing a $150 million strategic investment from Ripple:
- The company is considering options including a sale, SPAC merger, or IPO:
LMAX Group, based in London, is working with Morgan Stanley and Stifel's KBW investment bank to evaluate strategic options:
The company is exploring a sale or public listing that could value the business at up to $5 billion:
While all options remain on the table, a Nasdaq listing is currently the preferred route:
A company spokesperson stated that LMAX declines to comment on speculation:
LMAX operates institutional trading venues for foreign exchange and digital assets, providing execution, liquidity, and market infrastructure to banks, brokers, hedge funds, and asset managers:
The company has benefited from rising institutional participation in crypto markets:
