Getty

Electronic marketplace operator Tradeweb Markets said Monday that it plans to offer 27.3 million shares priced at $24 to $26 each for its initial public offering.

The New York-based company has applied to list on Nasdaq under the ticker symbol "TW." 

Tradeweb said that it intends to use the net proceeds from the offering to purchase equity interests from certain existing bank stockholders. Refinitiv, the company jointly owned by Thomson Reuters (TRI - Get Report) and Blackstone Group LP, will continue to own a controlling interest in Tradeweb following the offering.

JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley are acting as the joint book-running managers for the offering.

Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. The company said that it has about 2,500 clients in more than 60 countries. In an average trading day, Tradeweb aids more than $540 billion in notional value.

How Much Money Will I Need to Retire?

Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.