Premature Reporting: SafeCharge Aiming to Raise $126 million, IPO on April 2nd

Several Israeli media are reporting that one of the well- known payment services providers in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry has gone public. However, after some detailed research Forex Magnates' reporters can confirm that the event has not happened yet. The London 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’s Alternative Investments Market (LSE AIM) has released the company’s intention to raise capital prior to admission, which outlines that it is placing 149,759,260 ordinary shares of US$0.0001 each at a placing price of 162 pence.

The total amount of capital that the company aims to raise is $126 million (£75.75 million) and the anticipated market cap totals $403 million (£242.61 million). 30.9% of the company will be floated with stated interest from Henderson Global Investors and JPMorgan Asset Management Ltd coming to 5% and 6.25% of the total value respectively.

Even after the IPO, the main shareholder of the company with 66.77% will remain Northenstar Investment Ltd, which is a company wholly owned by Goodfidelity Trust, whose sole beneficiary is Teddy Sagi. The company is expected to be admitted to the LSE AIM on the 2nd of April. Our reporters will keep a close eye on the story and provide our readers with the full details once the IPO is finalised.