BCLP and CMS advise on iForex's £43m London IPO

BCLP and CMS have advised on online trading platform iForex’s £43 million London IPO.

Shares in the company began trading on the main market of the London Stock Exchange on Wednesday (25 February). The float raised £8.75 million and valued the business at £43 million.

The listing had originally been pencilled in for last spring but was postponed, reportedly due to compliance delays.

iForex offers retail investors access to a range of assets, from cryptocurrencies to commodities. According to its IPO prospectus, the group generated $27.6 million in the first half of 2025, taking full-year revenue to $48.8 million.

While the listing is relatively small by main market standards, the IPO marks a welcome addition to London’s public markets at a time when new listings have been thin on the ground.

The LSE has also faced continued pressure from a flow of delistings and takeovers in the past 18 months.

FTSE 100 asset manager Schroders is preparing to leave the market following its £9.9 billion takeover by US asset manager Nuveen, in a deal led by Clifford Chance and Slaughter and May.

Advising

BCLP advised iForex, with a London team led by partners Jonathan Morris and Tom Bacon.

CMS acted for Shore Capital on the bank side, led by London corporate partners Alasdair Steele and Jack Shepherd.