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Shares of the company are now trading up by more than 75% since its IPO in July
Retail forex broker Plus500 (LON:PLUS) is seeing its shares rise more than 16% in today’s trading after issuing a trading update which states that activity at the brokerage had remained high after the 17th of October, when it announced its Q3 earnings.
The company added that earnings have already exceeded market expectations for the 12 months ending on December 31st 2013 and stressed that they will be significantly above those expectations. The statement went on to explain that while customer acquisition costs remained stable, the company was seeing continued customer base growth.
Shares of Plus500 reached 227p in London today. They have risen more than 64% since the 16th of October when the company reported its last quarterly numbers and over 76% since its IPO offering back in July.