On July 24, 2013, the London Stock Exchange (LSE) welcomed the broker Plus500 (regulated by the Financial Conduct Authority in the UK), which marks the admission of this company on the AIM market, which means that the company’s shares can now be bought and sold in this market, one of the most important worldwide.
Plus500 offers its customers (mainly individual traders) the ability to trade stocks, Forex, indices, ETFs, commodities and other assets through Contracts For Difference (CFD) and currently is one of the main CFD providers worldwide. The company managed to raise a total of $75 million at a starting price of 115 pence in the opening which gave Plus500 a market capitalization of about $200 million on admission.
The income from the stock placement will be used to invest in additional marketing activities to increase brand presence, access new markets and accelerate the growth in existing markets. Furthermore, Plus500 will seek to strengthen its capital base and balance, obtain additional flexibility in analyzing potential acquisitions and maintain a pool of surplus capital so that the company meets the mandatory regulatory requirements to which it is subject as a broker duly regulated in the UK.
Thus, the admission of Plus500 on the London Stock Exchange will allow the broker to expand their business and offer better services to their customers.
