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IG Group Holdings ( (GB:IGG) ) has issued an announcement.
IG Group Holdings plc has announced the acquisition of Freetrade, a rapidly growing, commission-free investment platform, for £160 million. This strategic move aims to enhance IG’s UK trading and investment offerings by accessing new customer segments and capabilities, with Freetrade’s scalable technology and strong brand in the direct-to-customer market. The acquisition is expected to broaden IG’s market reach, improve its trading proposition, and contribute to strong client acquisition and retention. The deal is anticipated to close in mid-2025, subject to regulatory approvals, and will be funded from existing capital resources.
More about IG Group Holdings
IG Group Holdings plc is a UK-based FTSE 250 company that provides online trading platforms and educational resources to clients worldwide. The company offers access to approximately 19,000 financial markets globally and is focused on empowering ambitious investors.
YTD Price Performance: 1.06%
Average Trading Volume: 849,840
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.54B
For an in-depth examination of IGG stock, go to TipRanks’ Stock Analysis page.
