https://www.bloomberg.com/news/articles/2019-01-09/refinitiv-s-tradeweb-is-said-to-file-confidentially-for-u-s-ipo?srnd=premium-asia
Next to go FXAll i'm sure. Wouldn't be surprised if REDI also gets shuttered.
3 replies (most recent on top)
Recidivist is losing sightof where the value is and what clients who. Seems that they've bought poorly (no one buys quality from Goldman Sachs, if it was working or of value, they'd keep it) and ate selling putting the cash cows to market in one for or another.
Nothing being marketed seems to have a real product behind it yet this is where the bets have been placed. Let the shareholder beware!
interesting this type of news is not from Reuters but coming from Bloomberg first
Btw bb just hit 10b rev target lots of bonus to be paid out to employees as part of their 10b program
Waiting for them to announce the sale of the Buy Side assets (Capital Markets & Advisory, Investment Management, and Lipper) to S&P or Factset. All with long term backend data deals to guarantee low maintenance revenue stream for the next 10-15 years.