- Apex Fintech IPO:
- Apex Fintech Solutions, a Dallas-based company, has confidentially filed a draft registration statement for a US IPO.
- Majority-owned by Peak6 Investments, the company has not determined the number of shares or price range yet.
- The proposed IPO is under review by the Securities and Exchange Commission (SEC).
- Previous Merger Attempt:
- In 2021, Apex Fintech aimed for a $4.7 billion SPAC merger with Northern Star Investment Corp II, which didn’t materialize.
- Company Background:
- Founded in 2012, Apex Fintech provides investing and wealth management tools, offering custody, clearing, advisory, institutional, digital assets, and SaaS solutions.
- Clients include SoFi, eToro, Webull, Tornado, and ViewTrade, with over $115 billion in assets under custody.
- Leadership Changes:
- Chantal Wessels is the new CFO, succeeding Chris Springer, who is now a strategic finance advisor.
- Wessels previously served as the division CFO for the Capital Access Platform division at Nasdaq.
