Financial and Business News

iFOREX Shares Jump 6% as Broker Debuts on London Stock Exchange Main Market

Wednesday, 25/02/2026 | 15:58 GMT by Jared Kirui
  • The CFD broker admitted over 20 million ordinary shares, which traded around 207 pence on Wednesday.
  • iFOREX’s listing comes amid its strong fourth-quarter results, with revenue rising about 75% quarter over quarter.
iFOREX IPO

iFOREX began trading on the London Stock Exchange’s Main Market on Wednesday, with its shares rising 6% to 207 pence at debut. The British Virgin Islands-based CFD broker is listed under the ticker IFRX.

iFOREX Starts Trading on LSE Main Market

The listing completes a process that iFOREX first launched in May last year before it paused the transaction to address compliance issues raised by authorities in the British Virgin Islands.

The broker has now secured admission for its entire issued share capital, almost 22.2 million ordinary shares, which are now freely tradable in London. With the current share price, its market value is approximately £46 million.

Source: London Stock Exchange

Keep reading: iFOREX Prices London IPO at £43.3M After Eight-Month Delay

Meanwhile, iFOREX closed the fourth quarter of last year with revenue of $13.5 million and EBITDA of about $2 million, a rebound from the prior quarter’s $7.7 million in revenue and negative $3.1 million in EBITDA.

According to the IPO prospectus, the group generated $27.6 million in the first half of 2025, bringing full‑year revenue to $48.8 million, slightly below the $50.1 million reported in 2024. Adjusted EBITDA for 2025 is expected to be around $4 million, down from $9.7 million a year earlier.

Resuming London Listing After Compliance Halt

Chief Executive Officer Itai Sadeh said the London listing marks an important step for the group. He noted that admission to the Main Market and the demand for the initial public offering reflect the company’s foundation and its growth potential.

"The strong interest in our initial public offering reflects the solid foundation and growth potential we have built together. With a clear strategy, proprietary technology, and a robust platform focused on international expansion, we are well placed to embrace the opportunities ahead and deliver long-term sustainable value for our clients and shareholders."

iFOREX first moved towards a London listing last May but had to halt the process for several months after regulators in the British Virgin Islands opened a compliance inspection into the company’s affairs. The review focused on the firm’s adherence to local regulatory requirements and needed to be resolved before the IPO could proceed.

iFOREX began trading on the London Stock Exchange’s Main Market on Wednesday, with its shares rising 6% to 207 pence at debut. The British Virgin Islands-based CFD broker is listed under the ticker IFRX.

iFOREX Starts Trading on LSE Main Market

The listing completes a process that iFOREX first launched in May last year before it paused the transaction to address compliance issues raised by authorities in the British Virgin Islands.

The broker has now secured admission for its entire issued share capital, almost 22.2 million ordinary shares, which are now freely tradable in London. With the current share price, its market value is approximately £46 million.

Source: London Stock Exchange

Keep reading: iFOREX Prices London IPO at £43.3M After Eight-Month Delay

Meanwhile, iFOREX closed the fourth quarter of last year with revenue of $13.5 million and EBITDA of about $2 million, a rebound from the prior quarter’s $7.7 million in revenue and negative $3.1 million in EBITDA.

According to the IPO prospectus, the group generated $27.6 million in the first half of 2025, bringing full‑year revenue to $48.8 million, slightly below the $50.1 million reported in 2024. Adjusted EBITDA for 2025 is expected to be around $4 million, down from $9.7 million a year earlier.

Resuming London Listing After Compliance Halt

Chief Executive Officer Itai Sadeh said the London listing marks an important step for the group. He noted that admission to the Main Market and the demand for the initial public offering reflect the company’s foundation and its growth potential.

"The strong interest in our initial public offering reflects the solid foundation and growth potential we have built together. With a clear strategy, proprietary technology, and a robust platform focused on international expansion, we are well placed to embrace the opportunities ahead and deliver long-term sustainable value for our clients and shareholders."

iFOREX first moved towards a London listing last May but had to halt the process for several months after regulators in the British Virgin Islands opened a compliance inspection into the company’s affairs. The review focused on the firm’s adherence to local regulatory requirements and needed to be resolved before the IPO could proceed.

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About the Author: Jared Kirui
Jared Kirui
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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