iFOREX Confirms IPO Pricing Ahead of London Listing

iFOREX has announced the successful pricing of its initial public offering (IPO) at 195 pence per Ordinary Share, setting the company’s market capitalisation at approximately £43.3 million at the start of trading on the Main Market of the London Stock Exchange.

The total offer size stands at £8.75 million, representing around 20.2 per cent of the company’s Ordinary Shares on Admission. The offer consists solely of 4,487,179 new Ordinary Shares. The placing, undertaken alongside the Admission, was oversubscribed, reflecting demand from investors ahead of the listing.

iFOREX Confirms IPO Pricing Ahead of London Listing

Following Admission, the company’s issued share capital will comprise 22,186,679 Ordinary Shares. Trading is expected to begin at 8:00 a.m. on 25 February 2026 under the ticker IFRX (ISIN: GG00BN7RXN80). There will be no conditional dealings in the Ordinary Shares.

Also, Itai Sadeh, CEO of iFOREX, said the listing represents a defining stage in the company’s development. He stated that joining the Main Market of the London Stock Exchange aligns with the firm’s ambitions to position itself as a global fintech market participant. Sadeh pointed to years of focus on proprietary technology, disciplined risk management, and consistent profitability as foundations supporting the IPO. He added that the oversubscribed placing signals investor backing for the company’s strategy and operating structure, with attention now turning to international growth and further development of its trading platform.

Eyal Carmon, founder and majority shareholder, will retain majority ownership following Admission. He has also entered into a relationship agreement with the company that will take effect upon listing. Carmon will continue to provide expertise to the business through a consultancy agreement with Recap Ltd., a company wholly owned by him.

The founder, directors, proposed directors, and certain senior managers and employees participating through the company’s employee share ownership trust have agreed to a 12-month lock-up period, followed by a further 12-month orderly market arrangement regarding their shareholdings.

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