Marex says UK retail demand for SpaceX IPO hits $100 billion, Winterflood WRAP allocates shares to 120,000 accounts
MRX•Plans to extend WRAP beyond the UK
Executives flagged plans to extend WRAP beyond the UK, with corporate bonds identified as a potential next step after UK gilts.
Marex outlines UK retail demand for SpaceX IPO
Marex management outlined how Winterflood supported SpaceX’s IPO, described as the largest listing on record with a global retail offer.
Retail demand was put at about $100 billion, with more than 100,000 UK investors seeking to participate.
Marex served as the UK Public Offer Platform operator, producing a UK retail disclosure document for an international IPO under the POP regime.
Winterflood WRAP allocates shares across 120,000 accounts
Winterflood’s WRAP platform aggregated UK intermediary orders, then allocated shares across nearly 120,000 accounts in under 30 seconds.
