LMAX is reportedly seeking to sell or go public, with a valuation of up to $5 billion

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PANews July 24, 2024, citing CoinDesk: Institutional crypto trading platform LMAX Group is working with Morgan Stanley and investment bank KBW to evaluate strategic options, including a sale, a SPAC merger, and an IPO on Nasdaq or in Europe, with a potential valuation of up to about $5 billion. Insiders say the company is not in a rush to go public, and its FX business helps support a weak crypto market. LMAX has accelerated its expansion in recent years, launching a 24/7 multi-asset exchange supporting FX, digital assets, commodities, and tokenized securities. In January this year, it received a $150 million strategic investment from Ripple, to drive institutional adoption of the RLUSD stablecoin through its trading and settlement network.

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