High-frequency trading (HFT) firm Flow Traders has raised over €500 million in its IPO today.
Flow Traders specialises in trading exchange-trade products (ETPs), providing liquidity to over 4,000 listings around the world. It is headquartered in Amsterdam with offices in Asia and the US.
The total offering of Flow Traders was valued at €521 million when it listed on Euronext Amsterdam and opened at €34 per share, valuing the business at over €1.5 billion.
Dennis Sijkstra, co-CEO of Flow Traders, said: “The listing today is an important milestone for Flow Traders. Our company was founded in 2004 in Amsterdam and has since grown into a global fin tech company with over 200 employees.
“We feel that the listing fits our profile and will support our growth strategy by further enhancing the visibility of our business and our reputation among institutional counterparties.”
The successful IPO suggests investors remain confident in the ability of HFT to make money. The business practice has come under fire from both the buy-side and regulators for its impact on markets and returns for end investors.