Plus500 to Move to LSE’s Main Market
- The firm joined the LSE's alternative investment market in 2013
Plus500, an FX broker, announced today that it will be applying to move its ordinary shares to trade on 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’s (LSE) main market for listed securities. The move means the firm will soon be canceling trading of its shares on the alternative investment market (AIM), a sub-market of the LSE.
Liberum Capital Limited is sponsoring Plus500’s efforts to join the main market. The boutique investment bank acted as advisor to the broker when it joined the AIM in 2013, helping it to raise $75 million.
Growth, growth and more growth
The broker provided a plethora of reasons justifying its move to the LSE’s main market. The company noted that the main market is more suited to its efforts to grow and will put it in a better position to raise its profile and status.
Beyond stand-alone growth, the firm also noted that listing on the main market could see its ordinary shares becoming a better currency with which to acquire other companies. It added that this could also mean the firm will have more diversified sources of funding that will aid and abet its growth.
Providing a benchmark as to how much it wants to grow, the broker noted that its inclusion on the LSE main market could mean they will be included in the Financial Times Stock Exchange’s indices.
Commenting on the application, Plus500 CEO, Asaf Elimelech, said: “We believe that the listing and our shares being traded on the Main Market will provide a number of benefits for shareholders, including increasing the Company's profile and status, providing currency for growth and facilitating potential inclusion in FTSE indices. Together these developments are expected to enhance the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term of the Company's shares and provide a greater range of potential investors for the Company both in the UK and overseas, reflecting the global nature of its business."
Plus500, an FX broker, announced today that it will be applying to move its ordinary shares to trade on 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’s (LSE) main market for listed securities. The move means the firm will soon be canceling trading of its shares on the alternative investment market (AIM), a sub-market of the LSE.
Liberum Capital Limited is sponsoring Plus500’s efforts to join the main market. The boutique investment bank acted as advisor to the broker when it joined the AIM in 2013, helping it to raise $75 million.
Growth, growth and more growth
The broker provided a plethora of reasons justifying its move to the LSE’s main market. The company noted that the main market is more suited to its efforts to grow and will put it in a better position to raise its profile and status.
Beyond stand-alone growth, the firm also noted that listing on the main market could see its ordinary shares becoming a better currency with which to acquire other companies. It added that this could also mean the firm will have more diversified sources of funding that will aid and abet its growth.
Providing a benchmark as to how much it wants to grow, the broker noted that its inclusion on the LSE main market could mean they will be included in the Financial Times Stock Exchange’s indices.
Commenting on the application, Plus500 CEO, Asaf Elimelech, said: “We believe that the listing and our shares being traded on the Main Market will provide a number of benefits for shareholders, including increasing the Company's profile and status, providing currency for growth and facilitating potential inclusion in FTSE indices. Together these developments are expected to enhance the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term of the Company's shares and provide a greater range of potential investors for the Company both in the UK and overseas, reflecting the global nature of its business."