We are pleased to announce a business combination with a special purpose acquisition company, FG Acquisition Corp (FGAC). This partnership will present a qualifying acquisition, enabling us to offer an IPO on the Toronto Stock Exchange. The closing of the transaction remains subject to regulatory approvals and customary closing conditions and is expected to complete in July 2023.
Our Co-Founder and CEO Nauman Anees commented: “We are delighted to be partnering with FG Acquisition Corp to take ThinkMarkets public. We believe our aligning synergies will drive the continued expansion of our business worldwide. Becoming a publicly traded company will allow us to continue to bring better, faster, more advanced innovative technology to the market for online traders, plus a wider offering of products for the ever-evolving needs of our client base. We look forward to this next step in our ongoing evolution.’’
Following the closing of this partnership, ThinkMarkets will continue to be led by CEO Nauman Anees and President Faizan Anees, ThinkMarkets’ Co-Founders, and other members of ThinkMarkets’ current management team. The new board of directors of ThinkMarkets will initially consist of Nauman Anees, Faizan Anees, Larry G. Swets, Jr., Julian Babarczy, Andrew B. McIntyre, Peter Huitsing and Symon Brewis-Weston.
Chief Executive Officer of FGAC Larry G. Swets, Jr., said: “We are excited to present this qualifying acquisition to our shareholders and believe that ThinkMarkets provides a compelling investment opportunity in a multi-asset online brokerage with a global presence. We are confident that the ThinkMarkets team is positioned to take leadership in this segment and has demonstrated a clear path for growth. We look forward to supporting the ThinkMarkets team as they begin their journey as a public company.”
Co-founded by brothers Nauman and Faizan Anees in 2010 and headquartered in Australia, ThinkMarkets has continued to expand globally across 11 offices: London, Tokyo, Chicago, Melbourne, Limassol, Dubai, Sofia, and Johannesburg.
Don’t miss a Q&A with our CEO, Nauman Anees on going public –
What does it mean to go public?
ThinkMarkets shares will be available on the Toronto Stock Exchange when the closing process is complete, this means public investors from around the world and Canada will be able to own a share in ThinkMarkets.
Why go public now?
ThinkMarkets has had incredible success over the last five or so years, and we are always striving to do more. By going public we provide even more transparency for our clients, access to a shareholder base that will support our growth plans and showcase our products to a global audience.
What are your long terms goals after going public?
We will continue to grow our offerings, bringing the best products and services to our clients in the markets we serve, expanding our proprietary ThinkTrader platform and expanding our marketing potential.
Our mission has not changed, we want to provide the best online trading experience across the globe, making trading accessible to anyone, anywhere across our global office network by being at the forefront of technology.
We plan to continue to add new payment methods, products, platforms, integrations, and other unique services for traders in more regions than ever before.
What will change for me, as a client?
We will continue to offer our products and services to our usual high standards and remain committed to our mission and goals. Going public enables us to bring you a more enhanced trading experience through a broader range of products and services.
What exchange will ThinkMarkets list on, and when?
Subject to regulatory approvals and customary closing conditions, we estimate to be listed on the Toronto Stock Exchange in the summer of 2023.
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