iForex, a long-established multi-asset trading platform, is now eyeing an initial public offering (IPO) on the London Stock Exchange. The move is aimed at boosting the company’s visibility, strengthening its brand, and attracting new capital to support product innovation and market expansion.
Founded in 1996, iForex recently filed a registration document, marking a significant step toward going public. The company generated $50.1 million in revenue and $6 million in pre-tax get more info profit in 2024, signaling strong financials that could appeal to investors.
CEO Itai Sadeh emphasized that the IPO will enable the company to capitalize on high demand and strengthen its presence in fintech-friendly markets. He noted London’s reputation as one of the world’s most attractive capital markets for fintech companies as a key reason for the potential listing.
As other fintech players like Deliveroo face shifts in the market, iForex’s IPO consideration offers a fresh narrative of growth and opportunity in the UK financial space.