Marex Group, a brokerage firm best known for trading metals on the long-established ring of the London Metal Exchange, is preparing to list in the United States.
British-based Marex has filed documents with the Securities and Exchange Commission for a planned initial public offering, it said on Friday. Two years ago, the private equity firm canceled its plans for a London stock exchange listing.
A number of high-profile companies have chosen to list in the US rather than London, sparking rows in the UK over how the city can regain its attractiveness. New York's selling points include deeper and more liquid markets – and higher salaries for executives.
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