A summary of the gain on sale and deconsolidation of RFQ-hub is as follows: | | | | | | | | | | | | (in thousands) | | May 9, 2025 | | | | Total sale proceeds received | | $ | 37,932 | | | | | Retained noncontrolling investments | | 1,548 | | | | | Carrying value of noncontrolling interest deconsolidated | | 35,608 | | | | Carrying value of RFQ-hub’s net assets: | | | | | | Cash and cash equivalents | | $ | 1,554 | | | | | Receivables from broker-dealers and clearing organizations | | 512 | | | | | Property, equipment and capitalized software (net) | | 736 | | | | | Intangibles (net) | | 3,043 | | | | | Other assets | | 3,939 | | | | | Liabilities | | $ | (1,684) | | | | | | | | | | Less: Total carrying value of RFQ-hub’s net assets | | $ | 8,100 | | | | | | | | | | Gain on sale of RFQ-hub | | $ | 66,988 | | | | | | | | | | | | | |
At December 31, 2024, the assets and liabilities of RFQ-hub classified as Assets and Liabilities of business held for sale on the Consolidated Statements of Financial Condition are summarized as follows: | | | | | | | | | | | | (in thousands) | | | | December 31, 2024 | | | | | | | Business assets and liabilities held for sale: | | | | | | | | | | | Receivables from broker-dealers and clearing organizations | | | | $ | 194 | | | Property, equipment and capitalized software (net) | | | | 854 | | | Intangibles (net) | | | | 3,486 | | | Other assets | | | | 81 | | | Liabilities | | | | $ | (1,526) | | | | | | | | Total carrying value of RFQ-hub | | | | $ | 3,089 | | | | | | | | | | | | | | | | | | | | | |
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