Tradeweb isn’t cheap after its IPO, but it’s a speculation buy

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CNBC’s Jim Cramer on Friday said Tradeweb Markets, the electronic trading platform that listed on public markets Thursday, could be worth buying when compared with MarketAxess.

Tradeweb, which is backed by Blackstone and a collection of big banks, opened on the Nasdaq at more than $34 after a $27 initial price offering, a deal that Cramer said was “massively oversubscribed,” and closed at less than $37 on…

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