iFOREX Prices IPO, Set for London Listing

iFOREX priced its IPO at 195 pence per share, valuing the company at £43.3 million ahead of its London listing. The IPO, comprising 4,487,179 new shares or 20.2% of the company, was oversubscribed, reflecting strong investor confidence. This milestone positions iFOREX for expansion on the London Stock Exchange while supporting long-term growth and shareholder value.

Itai Sadeh, CEO of iFOREX, said, “Today marks a pivotal moment in iFOREX’s evolution as we prepare to list on the Main Market of the London Stock Exchange, a market that aligns perfectly with our ambitions to be a global fintech market leader. Over many years, our commitment to innovation and disciplined risk management has driven steady profitability, supported by our proprietary technology. The oversubscribed placing reflects investor confidence in our strategy, solid fundamentals, and scalable operating model. Building on this momentum, our focus remains on international expansion and the continued enhancement of our trading platform to deliver sustainable long-term value for both our clients and shareholders.” 

iFOREX Prices IPO, Set for London Listing

Following admission, iFOREX’s issued share capital will total 22,186,791 Ordinary Shares. Eyal Carmon, founder and majority shareholder, will continue to hold the majority stake and has entered into a relationship agreement with the company effective on admission. Additionally, he will provide his expertise to iFOREX under a consultancy agreement through Recap Ltd., a company wholly owned by him. 

To ensure stability, the Founder, Directors, proposed directors, and certain senior managers and employees participating through an employee share ownership trust (ESOP) have agreed to a 12-month lock-up period, followed by a 12-month orderly market period for their shares. The company confirmed that admission to trading on the London Stock Exchange and the commencement of trading will take place at 8:00 a.m. on 25 February 2026 under the ticker IFRX (ISIN: GG00BN7RXN80). iFOREX emphasized that there will be no conditional dealings in its Ordinary Shares. 

Investors and market participants are watching closely as iFOREX leverages its innovative platform and strong governance to pursue international growth, signaling confidence in the company’s long-term vision and its capacity to generate value for both shareholders and clients. This milestone marks a significant step in iFOREX’s journey, reinforcing its position as a growing player in the global fintech landscape while setting the stage for future expansion and technological advancements.

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