LMAX Group is seeking strategic advice for a potential sale or IPO, leveraging its status as a UK institutional trading venue and focusing on stablecoin adoption.

The entities involved

• Ripple →

  creator and a developer of the Ripple payment protocol and exchange network.

  • The SEC has sued Ripple over unregistered security claims. In response to the legal uncertainty, Kraken pulled XRP listings, and Coinbase also suspended XRP trading.Wed 23:17
  • AVAX surged 50%, outpacing Bitcoin's gains, while XRP gained 22% amidst an unconfirmed ICE decision introducing market uncertainty.Wed 23:17
• Morgan Stanley →

  U.S. investment bank

  • Financial firms including Morgan Stanley, Truist Financial, Jefferies Financial Group, and CIBC issued rating and price objective updates for Clearway Energy.Mon 17:33
  • Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America are competing in the global investment banking sector.Mon 17:24

Related events

• BMB is filing an IPO with the SEC and proposing a listing on the NYSE, with Morgan Stanley and Broadridge Financial Solutions acting as joint bookrunners.Aug 28
• IPO proceeds are showing significant growth, involving mainland China and Morgan Stanley.Sep 8
• Banks compete in financial services while investors focus on lithium producers like EnergyX, involving POSCO and General Motors.Jul 13
• SB Energy plans a U.S. IPO seeking a Nasdaq Global Select Market listing, with Morgan Stanley, Goldman Sachs, and Citigroup as joint lead book-running managers.Sep 2
• Ford discussed strategy at a conference held by Morgan Stanley.Sep 17