Shares of binary options platform developer TechFinancials to begin trading on London Stock Exchange on March 11

Further to LeapRate having reported in late January that binary options technology provider TechFinancials had issued a filing to the London Stock Exchange that it intends to release an initial public offering (IPO) on London’s Alternative Investment Market (AIM), it has been confirmed that the first day upon which shares of the company will be publicly traded will be March 11, 2015.

According to updated information with regard to TechFinancials’ impending IPO, the London Stock Exchange has now indicated the expected first date of trading, therefore demonstrating that the company is set to become a publicly listed entity in just over two weeks’ time.

The company, which provides trading platform and brokerage solutions to binary options brokerages including 24Option which has a significant market share, comprises of interested parties with certain shareholdings, which are detailed in the preliminary annoncement by the London Stock Exchange.

On this basis, Eyal Alon holds 9,596,200 shares, representing a 16.87% interest, Group CEO Asaf Lahav has 8,769,800 shares, which amounts to a 15.42% holding, Danny Magen holds 7,458,220 shares, which is 13.11% of the company’s capital, COO Jeremy Lange holds 7,053,240 shares which is 12.40%, and co-CEO Eyal Rosenblum holds 5,180,460 shares, a 9.11% stake.

To view the official information from the London Stock Exchange, click here.

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