After receiving a $150 million investment from Ripple, LMAX explores sale, SPAC merger, or IPO

Odaily News: Institutional trading platform LMAX is working with advisors Morgan Stanley and KBW, the investment banking arm of Stifel, to evaluate strategic alternatives. According to sources familiar with the matter, options include a potential sale, a SPAC merger, or an IPO.

Headquartered in London, LMAX recently launched a 24/7 multi-asset exchange and secured a $150 million strategic investment from Ripple, which is linked to institutional stablecoin adoption.