iFOREX Financial Trading Holdings Ltd, announced today that its proposed initial public offering (IPO) on the London Stock Exchange, which was expected to occur in late June, will be delayed.

The company said that a routine thematic compliance inspection commenced earlier this year in the BVI, which was disclosed in the Company’s Registration Document, requires additional time to enable finalisation ahead of the IPO. iFOREX claims that the inspection process is close to completion.

The company anticipates only a short delay to the IPO timetable.

iForex commented:

“The Company is delighted with the strong investor interest in the IPO. Based on firm orders received to date, the institutional offer is heavily oversubscribed at the top of the indicative valuation range”.