London’s capital markets may soon welcome another fintech player as online trading platform iFOREX evaluates a potential listing on the London Stock Exchange.

Founded in 1996 by Eyal Carmon, iFOREX has long offered a digital platform for trading Contracts for Difference (CFDs) and forex. Its services span commodities, indices, stocks, and cryptocurrencies, catering to a broad base of retail investors.

Now, nearly three decades later, the firm is preparing to open a new chapter through public listing. The company believes a London IPO could bring both credibility and visibility as it looks to expand its footprint.

Deploying AI and Brand Visibility

The proceeds from the potential Initial Public Offering would serve several goals. iFOREX plans to strengthen its brand, deploy artificial intelligence technologies to enhance the platform, and secure new regulatory licenses.

Financially, the company posted a trading income of $50.1 million for the year ending December 31, with adjusted pre-tax profits of $7.6 million. While not disclosing a timeline or valuation target, iFOREX’s announcement signals a growing trend of private fintech firms turning to public capital markets to fuel their next stage of development.

Expect ongoing updates as this story evolves.

Source: Finance Magnates