Japanese forex, binary options broker Hirose FX to list on TSE in March 2016

Japanese forex, binary options broker Hirose FX to list on TSE in March 2016

- in All News
Hirose IPO

Japanese forex and binary options broker Hirose Tusyo Inc., trading as Hirose FX has received the green light for initial listing on the Japanese Stock Exchange (JSE) on the JASDAQ Standard index, according to data published on the JSE website on Friday. The listing will commence on 18 March 2016 under the ticker [7185].

Hirose FX, set up in 20014, operates units regulated in Japan and the UK. Other forex brokers listed on the TSE are GMO Click Holdings Inc. and Invast Securities.

Earlier this month, UK-based online forex and contracts for difference (CFDs) broker CMC Markets launched its initial public offering (IPO) on the London Stock Exchange (LSE). It offes 90.6 million ordinary shares, or 31% of its capital, for £2.40 apiece. The broker aimed to raise via the IPO some £218 million from the share issue and to hike its capital by £15 million.

In the first days of trading, however, CMC Markets’ shares dipped below their flotation price. In their first day of full trading, on 8 February, the shares lost 5% of their price and closed at £2.28 per unit and reached their lowest so far value of £2.19 on 9 February. They currently trade at about £2.34-£2.36 per share.

Analysts have noted that despite the downward trend, mostly due to the generally volatile markets, CMC Markets’ IPO is successful, unlike its failed attempt in 2006, when similarly fickle markets forced it to abandon its plans on going public.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Japanese crypto exchanges report 669 suspected money laundering cases

The 16 Japanese cryptocurrency exchanges have reported 669