Citadel IPO: Here's what we know so far

3 min read | January 12, 2022 08:12 PM AEDT | By Raza Naqvi

Citadel IPO: Here's what we know so far — Image source: © Profitimage | Megapixl.com

Citadel IPO on the cards?

This is for the first time when outsiders have invested in Mr Griffin's businesses. Published reports suggest that a US$ 1.2 billion boost could lead to Citadel IPO in the first half of 2022.

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The Chicago-based company had expanded its presence over the years by trading and taking shares from big banks. Citadel Securities dominates the market-making business.

Potential investors are waiting for Citadel IPO as it is one of the leading market-makers worldwide. Citadel's institutional business has over 1,600 clients, and it has a presence in more than 50 countries.

The new funding can help Citadel expand its global presence across new asset classes. Market experts hint towards Citadel IPO as Sequoia has shown interest in it and has previously backed companies like Apple Inc., WhatsApp and DoorDash.

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Notably, Sequoia has a history of making private companies public through initial public offerings (IPOs).

Bottom line

Smartphone applications like Robinhood and E*Trade, which allow retail investors to invest in the equities market, are Citadel's clients.

During the COVID-19 pandemic, Citadel Securities benefited from market volatility, and its net trading revenue reportedly increased to US$ 6.7 billion in 2020. The surge was almost double the net trading revenue in 2018.

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