iFOREX Financial Trading Holdings Ltd. has announced a delay in its planned initial public offering (IPO) on the London Stock Exchange, originally expected to take place in late June.
The postponement is due to a routine compliance inspection in the British Virgin Islands, which began earlier this year and was disclosed in the company’s registration documents.
iFOREX has stated that the inspection process is nearing completion and anticipates only a brief delay before proceeding with the IPO.
Despite the setback, investor interest remains strong, with institutional orders reportedly oversubscribed at the upper end of the valuation range.
The company remains optimistic about its listing prospects once the compliance review is finalized.