By Matthew Monks
(Bloomberg) --Refinitiv, the monetary information agency co-owned by the Blackstone Group LP and Thomson Reuters Corp., has confidentially filed for an preliminary public providing of its Tradeweb Markets LLC enterprise, in accordance with individuals acquainted with the matter.
The bond-trading platform could possibly be value greater than $four billion in an IPO, mentioned the individuals, who requested to not be recognized as a result of the matter isn’t public. One of many individuals mentioned the timing of the potential IPO could possibly be delayed by the U.S. authorities shutdown, which might broadly depress pending inventory gross sales and mergers
Representatives for Refinitiv, Blackstone and Thomson Reuters declined to remark.
Blackstone acquired 55 % of Refinitiv -- as Thomson Reuters’s monetary and danger unit was renamed -- for $17 billion final 12 months with co-investors Canada Pension Plan Funding Board and GIC, Singapore’s sovereign wealth fund.
Tradeweb, primarily based in New York, builds and operates over-the-counter marketplaces for mounted earnings and derivatives merchandise. Shaped in 1998, a number of giant banks together with Deutsche Financial institution AG, UBS Group AG and Royal Financial institution of Scotland Group Plc are amongst its traders.
Refinitiv Chief Govt Officer David Craig mentioned in an interview with commerce publication Monetary Information in October that the corporate was contemplating an IPO for Tradeweb.
Bloomberg LP, the mum or dad firm of Bloomberg Information, competes with Thomson Reuters and Refinitiv in offering information, information and knowledge to the monetary trade.
To contact the reporter on this story: Matthew Monks in New York at [email protected] To contact the editors accountable for this story: Elizabeth Fournier at [email protected] Michael Hytha