iFOREX Plans IPO on February 25, 2025, with $48.8 Million Revenue and 1.1x Valuation
iFOREX anticipates $48.8 million in revenue for 2025, down from $50.1 million in 2024, with an adjusted EBITDA of $4 million. The company aims to list on February 25, 2025, seeking to raise £8.75 million at a valuation of £43.3 million. The funds will be used for automation and market expansion. iFOREX operates under licenses in Cyprus and the British Virgin Islands and plans to secure regulatory licenses in several countries including Australia and the UAE.
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iFOREX expects to generate $48.8 million in revenue in 2025, with EBITDA projected at $4 million, down from $9.7 million in 2024. The company plans an IPO for February 25, 2025, aiming to raise £8.75 million at a valuation of £43.3 million.
In H1 2025, iFOREX reported $27.6 million in revenue, down from $50.1 million in 2024. The majority of IPO proceeds will fund automation processes and market entry. The broker operates in Cyprus and the British Virgin Islands and seeks new regulatory licenses in Australia, Malaysia, the UAE, Chile, and the UK. It remains debt-free with a net cash balance of $6.7 million.
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