(Reuters) -Online trading platform iFOREX is expecting a delay in its London listing due to a routine compliance inspection, it said on Tuesday. The company was expected to list its shares in late
iFOREX Anticipates Short Delay for London Stock Exchange Listing
(Reuters) -Online trading platform iFOREX is expecting a delay in its London listing due to a routine compliance inspection, it said on Tuesday.
The company was expected to list its shares in late June on the London Stock Exchange, amid efforts to expand its clientele and brand visibility into new and existing markets.
The inspection process, which is a scheduled regulatory review by oversight bodies to assess whether a company is complying with specific themes or risk-areas, is close to completion, iFOREX said in a statement.
The company also said that it has received strong investor interest for its initial public offering, with the institutional offer being heavily oversubscribed at the top of the indicative valuation range currently.
(Reporting by Yamini Kalia in Bengaluru; Editing by Anil D'Silva and Shailesh Kuber)
