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iForex Financial Trading Holdings Ltd on Monday said it plans an initial public offering on the London Main Market, which it expects to take place in late June. It stands to be the first IPO on the London Main Market of 2025, amid a dearth of listings. There have been only four completed on AIM and one on Aquis Stock Exchange so far this year. iForex is a provider of a mobile trading platform for multi-asset contracts for difference. It intends to apply for admission to the equity shares (commercial companies) category of the UK Financial Conduct Authority’s Official List. The IPO is expected to comprise entirely of new shares, and will be made to institutional investors by way of a placing, alongside a separate a retail offer. iForex provided no estimate for the size of the IPO equity raise, nor for the company’s likely market capitalisation. In 2024, iForex booked $7.6 million in adjusted pretax profit on $50.1 million in trading income. Eyal Carmon, its founder, will remain the majority shareholder after the listing. ‘The founder will continue to assist with providing his expertise to the business through a consultancy agreement with Recap Ltd, a company wholly owned by the founder,’ iFOREX said. Shore Capital is the sponsor to the offering, and Shore Capital Stockbrokers will act as the sole bookrunner. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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