There is one more important announcement from major online trading services provider CMC Markets plc regarding its plans to proceed with an initial public offering (IPO) on the London Stock Exchange... The company has just announced the price range for the IPO and its intention to publish, later today, the Prospectus for the Offer. The highlights: The…
Read moreYesterday's announcement that CMC Markets is going public was certainly big news, but left a number of questions open for those in the industry, and in the London City world as well. At what valuation will CMC go public? What percentage of the company will be publicly floated? How big will the offering be? We are…
Read moreMajor online trading services provider CMC Markets today officially announced its plans to go public on the the London Stock Exchange (LSE). The admission of the company's shares is scheduled for early February 2016. CMC Markets plc said today that it intends to apply for admission of its ordinary shares to the premium listing segment of…
Read moreWhat is driving all these changes at leading UK online brokers? In one word: mobile.
Read moreThe annual report for the fiscal year to March 31, 2015, confirms a steep growth in revenues and profits. Interestingly, there is no mention of plans to have the company publicly listed.
Read moreCMC founder Peter Cruddas has led a very nice turnaround of the UK financial spreadbetting in the two years since he re-took the reigns as CEO. The SNB crisis - just a £4 million hit. But his biggest challenge lies ahead - taking CMC public.
Read moreThe timing seems interesting given what has happened this week to publicly traded CFD broker Plus500 Ltd (LON:PLUS), but the London Evening Standard has reported that UK spreadbetting broker CMC Markets is making progress on its IPO planned for later this year. We reported back in September that, following a nice turnaround in its finances,…
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