Apex Fintech Solutions files draft statement for IPO with US SEC
Apex Fintech Solutions, which provides a range of investing and wealth management tools, has confidentially filed a draft registration statement for an initial public offering (IPO) in the US.
Apex Fintech files confidentially for US IPO
The Dallas-based company, which is majority owned by US-based Peak6 Investments, says it has not yet determined the number of shares to be offered or the price range for the proposed offering, which is now subject to a review by the Securities and Exchange Commission (SEC).
Apex Fintech has held ambitions of going public since 2021 when it attempted to enter a $4.7 billion SPAC merger deal with Northern Star Investment Corp II, which ultimately did not go through.
Founded in 2012, the firm provides custody and clearing, advisory, institutional, digital assets, and Software-as-a-Service (SaaS) solutions through its brands. Its client list includes SoFi, eToro, Webull, Tornado, and ViewTrade, among others, and it claims to have more than $115 billion assets in its custody.
Back in October, the company named Chantal Wessels as its new chief financial officer, succeeding Chris Springer, who transitioned to the role of strategic finance advisor. Wessels previously served as division CFO for the Capital Access Platform division at Nasdaq.
