XTB Forex broker plans IPO valued $618m ahead.
By johan on Tuesday,
Polish broker X-Trade Brokers announces plans to IPO and debut in the capital of the Poland stock exchange. XTB Forex broker plans IPO valued $618m ahead by End of June this year, reports Reuters, quoting own sources.
Polish-based X-Trade Brokers (XTB) have proclaimed its intention to carry a public offering of shares within the second quarter of 2016 and an introduction to trading on the capital of the Poland stock exchange. In keeping with the new agency, the bookrunners have valued XTB at 1.8-2.3 billion Polish zlotys ($484-$618.4 million). The provider includes a 14 July of existing shares sold by one among the founders XTB. The planned giving can include a share of existing shares sold by 14 % XXZW Investment group, a controlled directly by a member company founder XTB, and It involves a public, providing to retail and institutional investors in the Republic of Poland and a personal placement to institutional investors abroad.
If XTB broker plans to become a public company to mature, it’d be the third large forex broker to try to do so since the start of the year, after UK’s CMC and Japan’s Hirose.
XTB was supported in the Republic of Poland in 2002 and offers online trading in financial derivatives within the currency (Forex), securities markets or raw materials. The British arm of the group, XTB limited, is authorized and controlled by the Britain by the financial Conduct Authority (FCA).