Institutional crypto trading platform LMAX is exploring sale, IPO
LMAX is working with Morgan Stanley and investment bank KBW to assess its options, which could lead to a sale or a public offering.
Make preferred on
Share this article
Summary
- Institutional trading platform LMAX is working with advisers Morgan Stanley and Stifel’s investment bank, KBW.
- Options being considered include a potential sale, SPAC merger or an IPO, according to people familiar.
- The London-based firm has expanded rapidly in recent months, introducing a 24/7 multi-asset exchange and securing a $150 million strategic investment from Ripple tied to institutional stablecoin adoption.
