Institutional trading platform LMAX is working with advisers Morgan Stanley and KBW, the investment banking arm of Stifel, to review strategic alternatives. People familiar with the matter said the options under consideration include a potential sale, a merger with a special purpose acquisition company, or an initial public offering. LMAX, which is headquartered in London, recently launched a 24/7 multi-asset exchange. The company has also received a $150 million strategic investment from Ripple. According to the information provided, that investment is tied to institutional stablecoin adoption. The development points to a period of active strategic review for LMAX as it considers possible paths for its next stage.
Institutional trading platform LMAX is working with advisers Morgan Stanley and KBW, Stifel’s investment banking unit, to evaluate strategic alternatives.
People familiar with the matter said the options being considered include a potential sale, a SPAC merger, or an IPO.
LMAX is headquartered in London. In recent months, it launched a 24/7 multi-asset exchange and received a $150 million strategic investment from Ripple. Based on the information provided, that investment is related to institutional stablecoin adoption.
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