TechFinancials plans late February IPO on London AIM


Binary options technology provider TechFinancials has 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).

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.

In addition, Equilibrium Solutions holds 4,181,880 shares, representing a 7.35% stake in the firm, and Fidelity Venture Capital Ltd holds a 6% stake, with Evian Investment and Daonit Ltd holding 5.35% and 3.56% respectively, whilst Gigi Levy holds 3.28%.

The company’s advisors are Grant Thornton UK LLP, and the nominated broker is Northland Capital Partners Ltd.

For the official details from the London Stock Exchange, click here.

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TechFinancials plans late February IPO on London AIM

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