SafeCharge to plan IPO on London Stock Exchange.
Payment service provider SafeCharge is planning an IPO at the London Stock Exchange. The report of the IPO comes from
Payment service provider SafeCharge is planning an IPO at the London Stock Exchange.
The report of the IPO comes from Payment Magnates’ associates at Forex Magnates.
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SafeCharge, a firm specializing in high risk industries such as gaming and FX trading, is authorized by the central bank of Cyprus as a payment institution. The firm plans on raising $100 million in new equity as a result of the IPO to focus on more acquisitions, Asian expansion, and to launch a new digital wallet.
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SafeCharge has processed over $5 billion throughout 2013 with a revenue stream of $43.1 million. The firm has seen an increase of 31.4% in acitivity compared to 2012, and its adjusted earnings before interest, taxes, depreciation, and amortization are $18.1 million.
As a result of the listing, SafeCharge’s market value is estimated at %370 million.
Recently SafeCharge received the “Most Innovative Financial Product Award” in November of last year, at the Forex Magnates London Summit 2013.
[…] The planned IPO is set for early April 2014. […]