JPMorgan buys back Plus500 shares up to 7.8%

Following its announcement of an IPO on the London stock Exchange in 2013, Plus500 shares started trading publicly on the AIM market of the London stock exchange on 22 July 2013 raising up to US$ 75million, which put the company’s Market capitalization at about US$ 200million.

Ever since going public, Investment giants, JP Morgan seem to have taken keen interest in the prestigious plus500 holding positions in the company which ranged from a 5% stock to as high as 14%. As reported by the London Stock Exchange, yesterday, JP Morgan made an additional purchase of 3,242,889 shares in Plus500, taking the total number of shares held by JP Morgan to 8,981,221.

Plus500 is known to take regulations and its reputation seriously as it chose to close its business to a number of countries.

The chart below shows the price movement in the Plus500 shares over the past few weeks.Capture240

Chart courtesy of Bloomberg

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