Financial spread betting firm floats shares on Dublin’s IEX market following initial London offering.
Thursday 22nd May 2008
Irish financial spread betting firm WorldSpreads Group has listed its shares on the Irish Stock Exchange's IEX market following its floatation on the London Stock Exchange’s AIM market in August of last year.
The Dublin-based firm stated that demand for its shares over recent months have seen them more than double in price since the London offering.
'This is a logical progression for the company,” said Conor Foley, Chief Executive Officer for WorldSpreads.
“While WorldSpreads is now an international company with interests in Ireland, the UK, Eastern Europe and the Far East, we are, behind it all, an Irish company, which is headed by Irish people.
'The listing on the IEX market and a quote denominated in Euros is also important as it will give WorldSpreads exposure to Irish and continental European investors who might wish to invest in the company's shares in Euros and so avoid any currency risk. It should also produce additional liquidity in the shares.'
Established in 2000, WorldSpreads offers financial and sport spread betting and also has offices in London and Athens with joint venture arrangements with partners in Spain, Germany, Austria, Hungary and South Africa.
'The decision by a fast-growing firm like WorldSpreads to list on IEX is another vote of confidence in IEX as a specialist market for Irish growth companies,” said Deirdre Somers, Chief Executive for the Irish Stock Exchange.
“It also highlights the opportunity that IEX provides to Irish companies with a sterling quote on AIM to enhance the liquidity in their shares through a Euro-denominated trading facility on IEX.”
