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Tradeweb Opens 27% Above IPO Price in First Day of Trading

Annie Gaus

In a sign of still-strong demand for new issues, Tradeweb opened its first day of trading at a healthy premium over its IPO price. Tradeweb shares opened on the Nasdaq exchange at $34.26 on Thursday, a 27% premium over the IPO price that valued the company at roughly $7.6 billion. Tradeweb builds and operates marketplaces for companies that trade fixed income products and derivatives.