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
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