Plus500 finance chief says US listing ‘always on table’
The finance boss of Plus500 has said a US listing is “always on the table” as the fintech firm turns to North America for its next phase of growth. Elad Even-Chen, chief financial officer at Plus500, told City AM: “We always keep assessing all the opportunities. It’s our duty as a public company.” “It’s something [...]
Plus500's finance chief, Elad Even-Chen, has stated that a potential US listing is "always on the table" for the fintech firm as it focuses on expanding its presence in North America. During an interview with City AM, Even-Chen emphasized that the company regularly evaluates all available opportunities and the decision to pursue a US listing would be contingent upon meeting certain performance criteria.
He suggested that the US market could account for 30 to 35 percent of Plus500's total revenue within the next three to four years. The CFO also noted that this consideration aligns with the firm's medium-term targets for revenue growth in the region. While the US market has been criticized for lacking investor appetite for high-growth technology companies, Even-Chen acknowledged that Plus500 has made efforts to educate investors and is seeing interest from established blue-chip participants.
Additionally, Plus500 is preparing to launch a US super-app with advanced trading capabilities, which will complement its existing non-OTC business in the region. The company recently acquired Hedge, a US broker-dealer registration holder, to support its US expansion strategy.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
