iFOREX today announced the successful pricing of its initial public offering (IPO) at 195 pence per Ordinary Share.

Based on the Offer Price, iFOREX’s market capitalisation will be approximately £43.3 million at the commencement of dealings on the Main Market of the London Stock Exchange.

Itai Sadeh, CEO of iFOREX, commented:

“Today marks a pivotal moment in iFOREX’s evolution as we prepare to list on the Main Market of the London Stock Exchange, a market that aligns perfectly with our ambitions to be a global fintech market leader. Over many years, our commitment to innovation and disciplined risk management has driven steady profitability, supported by our proprietary technology. The oversubscribed placing reflects investor confidence in our strategy, solid fundamentals and scalable operating model. Building on this momentum, our focus remains on international expansion and the continued enhancement of our trading platform to deliver sustainable long-term value for both our clients and shareholders.”

The Total Offer Size of £8.75 million represents approximately 20.2 per cent of the Company’s Ordinary Shares on Admission.

The Offer comprises solely of 4,487,179 new Ordinary Shares.

The Placing undertaken in conjunction with Admission was oversubscribed.

Immediately following Admission, the Company’s issued share capital will be 22,186,6791 Ordinary Shares.

Eyal Carmon, the business’ founder and majority shareholder, will remain the majority shareholder of iFOREX upon Admission and has entered into a relationship agreement with the Company which will come into force on Admission. The Founder will also continue to assist with providing his expertise to the business through a consultancy agreement with Recap Ltd., a company wholly owned by the Founder.

The Founder, the Directors, the Proposed Directors, and certain other senior managers and employees who hold an interest in the Ordinary Shares through an employee share ownership trust (the “ESOP”) have agreed to a 12-month lock-up period, and subsequent 12 month orderly market period, in respect of their interest in the Ordinary Shares held at Admission.

Admission, and the commencement of dealings in the Ordinary Shares on the London Stock Exchange is expected to take place at 8.00 a.m. on 25 February 2026 under the ticker IFRX (ISIN:GG00BN7RXN80). There will be no conditional dealings in the Ordinary Shares.