London Stock Exchange today welcomed CMC Markets plc

The Main Market of the London Stock Exchange today welcomed CMC Markets plc as it commenced unconditional dealings in its shares in advance of Admission.

CMC is one of the world’s leading online financial trading businesses.  It serves retail clients through regulated offices and branches in 14 countries, with a significant presence in the UK, Australia, Germany and Singapore.

Clients benefit from an award-winning, online and mobile trading platform, enabling them to trade over 10,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference (“CFDs”) and financial spread bets (in the UK and Ireland only).  Clients can also place financial binary bets through countdowns and, in Australia, access stockbroking services.

Peter Cruddas, founder and Chief Executive of CMC said:

“Our listing will enable us to continue to grow our global brand, build our client base, attract and retain employees and enhance our ability to enable retail traders around the world to trade.  Having grown the business from its beginnings in 1989, I am particularly pleased with the level of support we received in our IPO from both institutional and retail investors, including our clients, and I would like to thank them all for their support. 

“CMC has an exciting growth story and the achievement of our IPO will put us in an even stronger position to deliver a first-class client experience globally through our award-winning trading platform.”

CMC announced the pricing of its IPO and the Offer of Ordinary Shares at 240 pence per share.  Based on the Offer Price and the existing share capital of CMC of 287,923,211 Ordinary Shares, the market capitalisation of CMC will be approximately £691 million.  Morgan Stanley acted as Sole Sponsor, Joint Global Co-ordinator and Joint Bookrunner, Goldman Sachs was Joint Global Co-ordinator and Joint Bookrunner and RBC was Joint Bookrunner.