CMC Markets plc (LSE: CMCX), a provider of online retail trading, has announced that CMC will be included as a constituent of the FTSE 250 Index and will start trading in the mid-cap index on Monday, 20 June.
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The inclusion was announced by FTSE Russell yesterday and follows CMC’s Initial Public Offering with admission to the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange on 10 February 2016.
Finance Magnates reported on 22 May that rumours about CMC Markets’ floatation had re-surfaced after backtracking on similar intentions in 2006. Last September, further U.K. media reports revived speculation that the company was back on the road to an IPO after the firm had reported £32.8 million of pre-tax profits.
CMC Markets founder and Chief Executive Officer Peter Cruddas said: “Inclusion in the FTSE 250 Index is another significant milestone for us all at CMC and we look forward to widening our existing strong investor base with new shareholders. Additionally, I am looking forward to updating the market on our progress at our full year results announcement next week, on Wednesday 8 June 2016.”