Blackstone, Thomson Reuters weigh Tradeweb IPO, sale

Blackstone and Thomson Reuters Corp are considering an initial public offering or sale of their stake in Tradeweb Markets LLCBloomberg reported.

The firms have held talks with Tradeweb shareholders, which include Deutsche BankUBS and Royal Bank of Scotland, about selling the company or taking it public this year, the story said.

Any sale or IPO won’t happen until U.S. private equity firm Blackstone completes its acquisition of Thomson Reuters’ financial and risk unit, Bloomberg said. Tradeweb, a New York bond trading platform, could be valued at more than US$4 billion in an IPO or sale.

Update: Canada’s Thomson family controls 64 percent of Thomson Reuters shares through Woodbridge Co Ltd.

(This story has been edited by Kirk Falconer, editor of PE Hub Canada)

Photo courtesy of Reuters/Carlo Allegri