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Marex files for US listing in blow to London stock market

Commodities broker eyes valuation of up to $2.8bn with it having cancelled UK IPO in 2021
Marex puts on trades and derivatives hedges for big commodity producers and consumers

UK commodities brokerage Marex has filed confidential paperwork to list in the US, snubbing London after pulling a plan two years ago to list on its home stock market.

The group is aiming to go public next year after submitting the filing to the US Securities and Exchange Commission, according to people with knowledge of the matter.

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