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HomeBankingApex Fintech Solutions files draft statement for IPO with US SEC

Apex Fintech Solutions files draft statement for IPO with US SEC

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  • 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.

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