Carey Olsen has advised iFOREX Financial Trading Holdings Ltd, a global fintech firm, on its initial public offering on the Main Market of the London Stock Exchange.
Shares in iFOREX began trading on 25 February under the symbol ‘IFRX’.
iFOREX operates a proprietary online and mobile trading platform that enables retail clients to trade CFDs across more than 870 financial instruments, including currencies, commodities, indices, stocks, cryptocurrencies, and ETFs.
Itai Sadeh, chief executive officer of iFOREX, commented: “I am extremely proud to mark this significant milestone as iFOREX successfully lists on the London Stock Exchange. Listing on such a prestigious market not only validates our growth but also positions us to accelerate expansion, enhance our global brand, and continue delivering value to our clients in the rapidly evolving fintech landscape. We are grateful to Carey Olsen for their support on this transaction.”
The Carey Olsen Guernsey corporate team advising comprised partner Andrew Tually (pictured) and senior associate James Cooke.
Andrew Tually commented: “We are delighted to have supported iFOREX alongside lead counsel, Bryan Cave Leighton Paisner LLP, on its admission to the London Stock Exchange, a milestone that firmly positions iFOREX for long-term growth and international expansion. The IPO highlights the continued appeal of Guernsey as the leading domicile of choice for non-UK companies listing on the London Stock Exchange.”
