Plus500 moves to the Main Market, will shareholders rejoice?
The online trading platform for individual customers trading CFDs has moved from AIM to the Main Market. This business has courted plenty of controversy over the years but has also delivered phenomenal ‘cash’ returns to its shareholders. We are sad to see it leave AIM.
Our February 2017 Blog picked out Plus500 as one our AIM Dividend Growth Champions and it certainly hasn’t disappointed. We observed back then how this rapidly growing business had experienced an eventful time on AIM since arriving in July 2013 at a share price of 115p and market capitalisation of £132m or US$200m, which has since grown to £1.9bn. However, that’s only half the story and doesn’t reflect the full return to shareholders.
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