Plus500 IPO valuation – vs. KVB Kunlun IPO and vs. comps
Plus500 IPO valuation explained by professional Forex trading experts the “Plus500 IPO valuation ” FX trading team.
Plus500 IPO valuation
LeapRate Exclusive…. The past two weeks have seen some extraordinary IPO activity in the retail forex industry. After more than two and a half years of quiet — FXCM and Gain Capital (Forex.com) were the last two forex brokers to go public, both in December 2010 — came news of two new offerings. Hong Kong based retail forex broker KVB Kunlun went public on the HKEx at a valuation of $117 million, while Cyprus/Israel broker Plus500 formally announced plans to go public on London’s AIM market, at a planned valuation of about $225 million.
The Plus500 IPO is currently on its investor roadshow, planning to price and start trading July 23-24.
We actually predicted the increased / reborn IPO activity in mid June, in our post Forex broker shares are soaring – more IPOs in the works? With valuations climbing for publicly traded forex brokers, and a wave of positive investor sentiment on Wall Street and in the London City crowd toward the forex industry, we believe that more retail forex brokers are already in different stages of planning their own public offerings. But a lot will be determined by how the Plus500 IPO goes.
So how do the numbers compare between Plus500, KVB, and the existing public brokers such as FXCM, Gain Capital and IG Group? The following table helps demonstrate that there are indeed some large differences in valuation.
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