Tradeweb IPO to sell 27.26 mln shares at $24 to $26 each

Tradeweb, which builds and operates electronic marketplaces, set terms for its planned IPO. The New York company said it plans to sell 27.26 million shares at $24 to $26 each, according to an SEC filing. Refinitiv, which is backed by Blackstone and Thomson Reuters, owns 54 percent of Tradeweb before the IPO, while JP Morgan has 5.8 percent.