Asset trading platform iForex is “considering” an initial public offering (IPO) that would see the fintech group admit shares on the London Stock Exchange.
The company, which facilitates the trading of multi-asset contracts for difference this week published a registration document – a key step ahead of a public float that gives potential investors comprehensive information on the company.
The company, founded in 1996, said the IPO would boost its brand visibility and attract new capital to fuel advancements to its tech products.
“This news marks a significant milestone for our business as we continue to capitalise on the high demand and long-term growth opportunities within our thriving sector,” said iForex chief executive Itai Sadeh.
“The opportunities to enhance our global brand presented through the potential listing, combined with our strong track record of profitability, proprietary platform, and robust risk management, position us well to accelerate growth and expand in our target markets.”
Regarding the planned destination for the IPO, Sadeh said the company prefers London as it is “one of the most attractive and competitive capital markets in the world, with a deep understanding of fintech companies”.
The fintech group released its results for the year ended December 2024 ahead of its application to list publicly.
The firm pulled in $50.1m (£38m) in revenue last year, with a pre-tax profit of $6m (£4.54m).
The announcement will come as some relief to the London Stock Exchange, which is set to lose one of its largest listed firms Deliveroo after it agreed terms to be acquired by US group DoorDash.
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