As Amir Gharred joins Swipestox as COO, the firm’s owner, NAGA releases IPO on Deutsche Boerse, releasing 1 million new registered shares for subscription from tomorrow, June 8 until June 29. The company is also acquiring retail FX brokerage Hanseatic Brokerhouse Global Markets Ltd.
Last month, FinanceFeeds reported that a series of key personnel at ThinkMarkets (formerly ThinkForex) left the company for pastures new.
Hot on the heels of UK Finance Director John Robinson’s departure was that of Michael Teji, who had also joined Think Markets from ETX Capital in June 2015.
At ThinkMarkets, Mr Teji was Head of Business Analysis and Product Management, having joined from ETX Capital where he was Head of Program Delivery for two and a half years.
Prior to joining ETX Capital, Mr Teji was Deputy Head of Business Analysis at Alpari UK for almost four years, joining the company in September 2013 from his government position at HM Treasury and the Bank of England’s Debt Management Office, where he was Fixed Income Trading Desk Project Leader.
In addition to Mr Teji’s departure, further sources explained that Amir Gharred, Head of Retail Sales for Europe, has left ThinkMarkets.
Mr Gharred joined Think Markets in May 2016 from GKFX, where he spent almost three years as Head of UK Sales.
A one and three quarter year position at ActivTrades as Senior Derivatives Sales Executive preceded Mr Gharred’s tenure at GKFX, marking his entry into London’s FX industry following his move from Hamburg in January 2011.
Mr. Gharred has joined German social network for stock traders SwipeStox as COO.
Contacting FinanceFeeds this morning, Mr Gharred explained that NAGA, the FinTech company which owns SwipeStox, is preparing for its public listing on the Deutsche Boerse, having released an IPO to listed the company’s equities on the open market of Deutsche Börse AG in the “Scale” segment, and is planned for 10 July 2017.
In total, up to 1,000,000 new registered shares in The NAGA Group AG will be offered for subscription from 8 June (9:00 am) until probably 29 June 2017 (12:00 pm for private investors, 3:00 pm for institutional investors). The public offering is aimed at private and institutional investors in Germany, Austria and Spain.
There will also be a placement in Switzerland. The share capital of the issuer of currently EUR20,008,048.00 will be raised to up to EUR21,008,048.00 on successful placement of the new equities.
The price at which the purchase offer can be made is EUR2.60 per new share on subscription via the subscription tool DirectPlace on the Frankfurt Stock Exchange.
Those interested in subscribing who already hold a Real Money Account at the broker Hanseatic Brokerhouse Global Markets Ltd (HBGM), which the issuer is currently acquiring, or who open such an account to subscribe to this offer are entitled to make an offer to purchase with a discount of 5 per cent on the price, or EUR 2.47 per new share. This subscription will be made via the NAGA trading app SwipeStox or via the company’s website.