PLUS500 Included in London’s Main Market, to Start Trading June 26th Onwards - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


PLUS500 Included in London’s Main Market, to Start Trading June 26th Onwards

June 23, 2018

London Stock Exchange Group (LSEPLUS500 (LON: PLUS), an international financial firm providing online trading services and CFDs, on Wednesday has announced that the UK Listing Authority has approved the company’s request in relation to the inclusion of the company’s shares to the premium listing segment of the Official List of FCA. It has also been approved to trading on the London Stock Exchange plc’s Main Market for listed securities. 

This is a significant achievement for the PLUS500 team. London’s main market is for large and established companies while AIM is a more suitable venue for listing emerging companies that do not meet the full criteria for admission to the main market. PLUS500 has announced its intention to list it to London Main Market from the AIM market last month only. The Israeli based firm has been trading in the AIM market since its IPO in 2013 

As per the announcement, the shares of PLUS500 are expected to start trading in the main market from 8AM on Tuesday, June 26, 2018, and trading on AIM will be called off simultaneously.

The inclusion was aided by strong financial performance over the years and in Q1 of 2018, it has reported a triple-digit growth in revenue, which was due to starting of cryptocurrency offerings. It posted a 284 per cent increase in revenue to $297.3 million, with a net profit of $237.3 million, up 418 per cent year-over-year in the first quarter. ‎ The Company’s share price has more than doubled in the last few months and upon yesterday’s announcement, the shares closed at 2.35 per cent higher on Wednesday to £1,613, reaching a total market capitalization of £1.83 billion.

The company issued statement: 

 “The Company is not raising any funds or issuing any new shares in connection with Admission. The Company’s TIDM code on the London Stock Exchange will continue to be PLUS and its ISIN will remain IL0011284465 and its SEDOL number BBT3PS9. On Admission, the Company’s issued share capital will be 114,888,377 shares, of which 980,146 are treasury shares.”

Login To MyTis Comment Or Register to MyTIS

Notify of
Inline Feedbacks
View all comments


Register now to receive the latest news and information for global trading industry.

Latest Articles

Smartr365 Onboards Jens Wikholm to Serve as Design & Experience Director

Smartr365, a UK based software developer specialising in end-to-end solutions with focus on mortgage businesses has revealed appointment of new senior level executive in its latest update. As per statement …

Would love your thoughts, please comment.x