{"id":115365,"date":"2025-05-19T21:37:14","date_gmt":"2025-05-19T21:37:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/115365\/"},"modified":"2025-05-19T21:37:14","modified_gmt":"2025-05-19T21:37:14","slug":"boost-for-city-as-two-companies-confirm-plans-to-list-on-the-london-stock-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/115365\/","title":{"rendered":"Boost for City as two companies confirm\u00a0plans to list on the London stock market"},"content":{"rendered":"<p class=\"author-section byline-plain\">By CITY &amp; FINANCE REPORTER FOR THE DAILY MAIL <\/p>\n<p class=\"byline-section\"> Updated:  17:01 EDT, 19 May 2025   <\/p>\n<p class=\"mol-para-with-font\">The City was handed a boost yesterday as two companies confirmed plans to list on the London Stock Exchange (LSE).<\/p>\n<p class=\"mol-para-with-font\">Cobalt Holdings expects shares to start trading \u2018on or around\u2019 June 10, while trading platform iForex is aiming for late June.<\/p>\n<p class=\"mol-para-with-font\">A dearth of listings and firms leaving following takeovers has prompted City figures to speak to the Chancellor and officials over how to increase investment in British companies and make the LSE more attractive.<\/p>\n<p class=\"mol-para-with-font\">Cobalt is run by Jake Greenberg, who helped set up specialist uranium company Yellow Cake and hopes to emulate its success by investing in cobalt \u2013 used in electric car batteries.\u00a0 Miner Glencore will invest \u00a318million for a 10 per cent stake while Anchorage will put in \u00a317million for 9.5 per cent, valuing Cobalt at around \u00a3180million.<\/p>\n<p class=\"mol-para-with-font\">Israel-based iForex, which specialises in contracts for difference \u2013 a type of bet on financial markets \u2013 is thought to be seeking a value of around \u00a350million.<\/p>\n<p class=\"mol-para-with-font\">Founder Eyal Carmon will remain a majority shareholder and is recruiting mining veteran Mick Davis \u2013 who was chief executive of FTSE 100 giant Xstrata until its merger with Glencore in 2013 \u2013 to its board.<\/p>\n<p>  <img decoding=\"async\" id=\"i-99968c232fce19be\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/98545331-14728915-image-m-13_1747685700433.jpg\" height=\"399\" width=\"634\" alt=\"London calling: Cobalt Holdings expects shares to start trading 'on or around' June 10, while trading platform iForex is aiming for late June\" class=\"blkBorder img-share\" style=\"max-width:100%\" loading=\"lazy\" \/>  <\/p>\n<p class=\"imageCaption\">London calling: Cobalt Holdings expects shares to start trading &#8216;on or around&#8217; 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This does not affect our editorial independence.<\/p>\n<p><a href=\"https:\/\/www.thisismoney.co.uk\/money\/diyinvesting\/article-1718291\/Pick-best-cheapest-investment-Isa-platform.html?ico=tim-affiliate_desktop_bottom-link-click\" target=\"_blank\" class=\"optional-btn-wrapper\" rel=\"noopener\">Compare the best investing account for you <\/a><\/p>\n<p>                    Share or comment on this article:<br \/>\n                        Boost for City as two companies confirm\u00a0plans to list on the London stock market<\/p>\n","protected":false},"excerpt":{"rendered":"By CITY &amp; FINANCE REPORTER FOR THE DAILY MAIL Updated: 17:01 EDT, 19 May 2025 The City was&hellip;\n","protected":false},"author":2,"featured_media":115366,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,1232,1284,1283,16,15],"class_list":{"0":"post-115365","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-money","11":"tag-moneymarkets","12":"tag-thisismoney","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114536660834147419","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/115365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=115365"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/115365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/115366"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=115365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=115365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=115365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}