iFOREX confirms London IPO plans, seeks £5m raise at £50m valuation
Published: 11:00 19 May 2025 BST
Online trading platform iFOREX has confirmed plans to float on the main market of the London Stock Exchange in late June.
It is reported to be looking to raise £5 million in new capital in a float expected to value the business at around £50 million.
The offering will consist solely of new shares and target both institutional and retail investors, with the latter participating via the Bookbuild platform.
The listing marks the latest fintech to test investor appetite in a subdued UK IPO market.
Founder Eyal Carmon will remain the company’s majority shareholder and continue to advise the business through a consultancy agreement.
He and other senior insiders have committed to a 12-month lock-up period followed by a year of orderly market restrictions.
Shore Capital has been appointed sponsor and sole bookrunner. iFOREX operates a proprietary mobile and online platform for trading contracts for difference (CFDs) across multiple asset classes.