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Molten Ventures ( (GB:GROW) ) just unveiled an announcement.
Molten Ventures announced the acquisition of its stake in Freetrade by IG Group, which values the stake 30% above its previous valuation, delivering a 1.6x return on invested capital. The transaction contributes to Molten’s financial year realisations exceeding £150 million, significantly surpassing initial guidance. This strengthens Molten’s active portfolio management approach and enables a £5 million share repurchase programme, balancing new investments and shareholder returns.
More about Molten Ventures
Molten Ventures is a prominent venture capital firm in Europe, focusing on investing in and nurturing high-growth technology companies across various sectors such as Enterprise Technology, Hardware and Deeptech, Consumer Technology, and Digital Health and Wellness. The firm supports visionary companies with capital, knowledge, experience, and relationships, seeking businesses with potential for global expansion and strong management teams.
YTD Price Performance: -9.09%
Average Trading Volume: 445,420
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £508.8M
See more insights into GROW stock on TipRanks’ Stock Analysis page.
