SafeCharge to plan IPO on London Stock Exchange.

Payment service provider SafeCharge is planning an IPO at the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term.

The report of the IPO comes from Payment Magnates’ associates at Forex Magnates.

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.

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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates London Summit 2013.