Shares of the company closed higher by almost 5% bringing the company’s valuation to $364 million at the end of the trading day
Online foreign exchange and CFDs brokerage XTB (X-Trade Brokers Dom Maklerski S.A.) successfully got listed on the Warsaw Stock Exchange (WSE) today. The company placed a touch under 16.5 million shares for public trading, valuing the company at $349 million at the market open. The share offering constituted the biggest IPO listing on the WSE for 2016.
A mid-April report by Finance Magnates hinted that the company was looking to raise up to $400 million. The initial price of the offering is closer to the lower range of the expectations set out on the IPO prospectus, however the first trading day looked promising.
Shares of the company traded higher on day one, closing at 12.05 Polish zloty (PLN) which totals to $3.10 according to current exchange rates. The close was at the top end of the daily range with the high marked at 12.06 PLN. For context, the broad WSE market closed only 0.82 per cent higher.
Preparation for XTB’s IPO Process Started Last Summer
Speaking to Finance Magnates, the CEO of X-Trade Brokers Dom Maklerski S.A. Jakub Maly shared that the company started the IPO process during the summer of 2015. At the time the valuation of the firm cited by sources close to Reuters was $224 million. Commenting on the listing, Maly stated: “We are very pleased with how the initial public offering went. We had to wait for the right timing, but after all we successfully placed all the offered shares.”
Elaborating on the preparatory process, he explained: “We have started the preparation last year around summer time. As you can imagine, it has been a long process getting the company public and we’ve spent several months preparing for the debut. We had to wait out tough market conditions, but now we are successfully there.”
The costs of the IPO are going to be disclosed in an upcoming public reporting package which XTB will release.
XTB’s Plans for Growth and Expansion
After XTB has become a publicly traded company, the firm is gaining additional marketing momentum with its retail and institutional clients. Many explained that raising the prominence of the value of the brand was one of the main aims of the whole process.
“We feel that clients want to know who they trade with, and being public adds additional transparency to the company,” he elaborated.
With the company focusing on growth, we have asked the CEO of XTB about the immediate plans of the brokerage.
“We would like to mainly increase our efficiency in the E.U., develop our institutional part of the group and expand geographically to regions where Regulation will allow. The dynamics of our business dictate that we have to assess every opportunity in real time based on the historical data, public data and our experience. The same applies in the case of selecting new markets.”
Online foreign exchange and CFDs brokerage XTB (X-Trade Brokers Dom Maklerski S.A.) successfully got listed on the Warsaw Stock Exchange (WSE) today. The company placed a touch under 16.5 million shares for public trading, valuing the company at $349 million at the market open. The share offering constituted the biggest IPO listing on the WSE for 2016.
A mid-April report by Finance Magnates hinted that the company was looking to raise up to $400 million. The initial price of the offering is closer to the lower range of the expectations set out on the IPO prospectus, however the first trading day looked promising.
Shares of the company traded higher on day one, closing at 12.05 Polish zloty (PLN) which totals to $3.10 according to current exchange rates. The close was at the top end of the daily range with the high marked at 12.06 PLN. For context, the broad WSE market closed only 0.82 per cent higher.
Preparation for XTB’s IPO Process Started Last Summer
Speaking to Finance Magnates, the CEO of X-Trade Brokers Dom Maklerski S.A. Jakub Maly shared that the company started the IPO process during the summer of 2015. At the time the valuation of the firm cited by sources close to Reuters was $224 million. Commenting on the listing, Maly stated: “We are very pleased with how the initial public offering went. We had to wait for the right timing, but after all we successfully placed all the offered shares.”
Elaborating on the preparatory process, he explained: “We have started the preparation last year around summer time. As you can imagine, it has been a long process getting the company public and we’ve spent several months preparing for the debut. We had to wait out tough market conditions, but now we are successfully there.”
The costs of the IPO are going to be disclosed in an upcoming public reporting package which XTB will release.
XTB’s Plans for Growth and Expansion
After XTB has become a publicly traded company, the firm is gaining additional marketing momentum with its retail and institutional clients. Many explained that raising the prominence of the value of the brand was one of the main aims of the whole process.
“We feel that clients want to know who they trade with, and being public adds additional transparency to the company,” he elaborated.
With the company focusing on growth, we have asked the CEO of XTB about the immediate plans of the brokerage.
“We would like to mainly increase our efficiency in the E.U., develop our institutional part of the group and expand geographically to regions where Regulation will allow. The dynamics of our business dictate that we have to assess every opportunity in real time based on the historical data, public data and our experience. The same applies in the case of selecting new markets.”
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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