Murphy’s Monex pays out €9m dividends and sets IPO timeline

Founder Frank Murphy says stock market float is being explored in next two years

19th March, 2017
Frank Murphy founder of Monex

Shareholders of Monex, the Kerry financial technology company specialising in currency conversion, received over €9 million in dividends, new filings show.

Founder Frank Murphy said a New York or Ireland stock market float in the next two years was being explored following a set of bumper financial results.

New market territory expansion will continue at the company, which exceeded €100 million turnover for the first time over 2016, he said.

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