Breaking: CMC Markets Valued at £700 million after IPO

[kreslik.news]

After years of speculation about an upcoming IPO, online spread betting and CFDs trading brokerage CMC Markets (LON:CMCX) is now officially listed on the London Stock Exchange. The company’s shares have been priced at 240 pence per share. The valuation is closer to the bottom line of the IPO guidance which was between 235 and 275 pence per share.

At this price the valuation of CMC Markets (LON:CMCX) comes to about £691 million ($1 billion). The online brokerage has raised about £218 million, including a £15 million ($21.8 million) primary capital raise and £203 million ($295 million) of secondary shares. The ... (read more)