Tradeweb Markets has been identified by data from Dealogic as the best performing IPO of 2019, where the initial offering was valued at $1bn or more.
The company, which provides an electronic trading platform for securities, thereby beat the performance of Chewy, Pinterest, Avantor, Uber and Lyft, Dealogic suggests.
For its Nasdaq IPO on 4 April, investor demand saw the offering increased in size by some 46.7%, which is described as the biggest "upsizing" for an IPO valued at more than $500m since Kinder Morgan in 2001. The $1.2bn IPO deal value is some 5x the size of the Beyond Meat and PagerDuty IPOs, and some 2x the size of the Levis and Crowdstrike IPOs.
A follow-on offering in October raised an additional $835m.
In its first 240 days traded, the stock price rose by 65.7%
In the third quarter of 2019, the company reportedly facilitated $815bn daily in rates, credit, equities and money market trades globally.