iForex IPO Aims to Enter New Markets
An initial public offering (IPO) that would allow the fintech company to list shares on the London Stock Exchange is being “considered” by asset trading platform iForex.
This week, the company that makes it easier to trade multi-asset contracts for difference released a registration document, which is a crucial step before a public float that provides prospective investors with thorough details about the business.
The 1996-founded business claimed that the IPO will increase brand awareness and draw in fresh funding to support technological product development.
iForex Turns to IPO to Salvage Key Financial Metrics
Itai Sadeh, the CEO of iForex, stated, “This news represents a significant milestone for our business as we continue to capitalise on the high demand and long-term growth opportunities within our thriving sector.”
“We are well-positioned to accelerate growth and expand in our target markets thanks to the opportunities to strengthen our global brand provided by the possible listing, as well as our strong track record of profitability, proprietary platform, and strong risk management.”
Since London is “one of the most attractive and competitive capital markets in the world, with a deep understanding of fintech companies,” Sadeh stated that the company chose London as the location for the proposed IPO.
iForex, before submitting an application to go public, the fintech company published its results for the year that ended in December 2024.
Last year, the company made $50.1 million (£38 million) in revenue and $6 million (£4.54 million) in pre-tax profit.
Deliveroo, one of the biggest listed companies on the London Stock Exchange, agreed to be acquired by the US company DoorDash, so the news will be somewhat alleviating.
