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Trading Firm Plus500 Upgrades to Main Market of London Exchange

The company’s stock shot up by over 2000% since it listed on AIM, London’s sub-market, five years ago

Dror Reich 10:3227.06.18

Online financial trading company Plus500 Ltd. has moved its listing to the main market of the London Stock Exchange, the company announced Tuesday. Since it listed on London’s sub-market AIM in 2013, raising $75 million in an initial public offering that gave the company a 132 million pound valuation, Plus500’s stock increased by over 2000%. In May 2015 the Israeli company’s stock crashed by around 70% due to regulatory issues in the U.K., but has since rallied.

 

Plus500 CEO Asaf Elimelech. Photo: Keren Gafni Plus500 CEO Asaf Elimelech. Photo: Keren Gafni

 

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