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iForex shares up 5% as it starts trading on London’s Main Market

ALN

iForex Financial Trading Holdings Ltd on Wednesday started to trade on the London Stock Exchange’s Main Market under the ticker IFRX, completing a listing process started last May but paused for seven months to resolve compliance issues flagged by British Virgin Island authorities.

The entire issued capital of the BVI-based financial company, almost 22.2 million ordinary shares, is now floating.

iForex shares were up 5.1% to 205.00 pence each on Wednesday morning in London in the first session for the company.

iForex’s Chief Executive Officer Itai Sadeh said: ‘Admission onto the Main Market of the London Stock Exchange marks a proud moment for iForex as we accelerate our vision to become a global fintech market leader...The strong interest in our initial public offering reflects the solid foundation and growth potential we have built together.’

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