Online trading platform iFOREX is exploring the possibility of listing its shares on the London Stock Exchange (LSE), aiming to broaden its customer base and improve brand visibility. The company made the announcement last Friday.
Founded in 1996 by Eyal Carmon, iFOREX offers a platform for Contract for Difference (CFD) and forex trading. The platform features a wide range of financial instruments, including commodities, indices, shares, and cryptocurrencies.
CEO Itai Sadeh emphasized the attractiveness of the London capital market, noting its competitiveness and deep understanding of fintech companies.
The company plans to use funds raised from the Initial Public Offering (IPO) to strengthen its brand and invest in AI-driven technologies. Furthermore, iFOREX intends to secure additional regulatory licenses to expand into new markets while strengthening its presence in existing ones.
For the year ending December 31, iFOREX reported $50.1 million in trading income and an adjusted pre-tax profit of $7.6 million.
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