On Tuesday, the IFOREX Financial Trading, the Trading Fintech platform, announced a brief delay of the first public parties expected impatiently (IPO) on the London Stock Exchange, which was already scheduled in late June.
The company stated that the postponement is due to the “routine objective compliance examination” that started earlier this year in the British Virgin Islands (BVI).
This inspection, which was revealed in the company’s registration document, requires “an additional time to enable the completion before the public subscription.”
IFOREX expects “only a short delay” for the total public subscription table, noting that the inspection is “close to completion.”
Despite this simple setback, IFOREX expressed great relief from the investor’s appetite for his shares.
The company confirmed that it is “pleased with the interest of the strong investor in the public subscription”, with the institutional presentation, “it was strongly returned at the top of the extension evaluation scope” based on the orders of the company that has been received so far.
IFOREX, founded in 1996, operates online and mobile trading platforms, and provides retail clients with access to more than 870 CFDS trading tools.
The company has reported revenues of 50.1 million dollars (38 million pounds) for 2024, with profits before taxes exceeding $ 6 million, which confirms the strong basics that attracted great attention to investors.