XTB reported to be planning IPO
XTB (X-Trade Brokers), founded in 2002 is now a Top 10 Forex broker, and client educator which offers trading in derivatives on forex, commodities, indices, equity CFD&rsquo;s and options. It is understood to be considering a listing on the Warsaw Stock Exchange with an offering valuing the company at up to &euro;200mn.XTB, which initiated a collaboration deal with copy trading software provide Tradency last year following the launch of the Mirror Trader Service was one of the victors that emerged from the Swiss-Franc turmoils at the start of this year. The company applied conservative leverage techniques and had introduced a risk strategy on all CHF pairs several month in advance of the snap announcement by the SNB.
An additional international FX firm is evidently looking to become a public company. The online broker X-Trade Brokers (XTB) is considering listing on the Warsaw Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term with an offering worth up to €200 million ($224 million), according to a Reuters market source today.

XTB, founded in Poland in 2002, offers trading in financial derivatives mainly through its own X Open Hub platform. The British arm of the group, XTB Limited, is authorised and regulated in the UK by the Financial Conduct Authority (FCA).

"XTB may land in 2016. The offer may be worth between 100 and 200 million euros," a source with knowledge of the matter reportedly told the news agency. The source added that the company was likely to only list existing shares. Another source confirmed the report that the company was considering a listing in Warsaw, according to Reuters.

It was not clear from today's report as to whether the whole group plans to take part in the IPO. The XTB Group reported its last half-year performance, their net profit for the six months including the January 2015 figure exceeding €15 million, according to an XTB Group statement. Of these profits, approximately 15% have been realized by its institutional entity, X Open Hub (XOH) – an institutional technology and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider.

Speaking with Finance Magnates, Jakub Maly, the CEO of XTB, confirmed that the firm might be considering an IPO. However, this is the maximum information he was able to share at present.

This report is part of a recently established global trend of online margin trading firms going public or at least testing the waters. FXPrimus tried to reach an IPO in Australia and IronFX has hinted at the possibility of going public on the American stock market. The most recent successful example was TechFinancials' IPO at the London Stock Exchange AIM.