Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
An update from Molten Ventures ( (GB:GROW) ) is now available.
Molten Ventures announced the exit from its investment in Freetrade, a commission-free investment platform, which will be acquired by IG Group. This exit, expected to generate proceeds of £20.4 million, reflects a 17% increase over the prior holding value, resulting in a 1.5x return on invested capital for Molten. The company is also set to exceed its financial year guidance with over £150 million in realizations. The proceeds will enable Molten to commence a £5 million share repurchase program, demonstrating their commitment to balancing new investment opportunities with shareholder returns.
More about Molten Ventures
Molten Ventures is a prominent venture capital firm in Europe, focusing on investing in high-growth digital technology companies. The firm supports visionary companies across multiple sectors, including Enterprise Technology, Hardware and Deeptech, Consumer Technology, and Digital Health and Wellness. Molten Ventures provides a unique opportunity for public market investors to access fast-growing tech businesses, having invested over £1 billion since its IPO in 2016.
YTD Price Performance: -6.27%
Average Trading Volume: 445,079
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £554.3M
For an in-depth examination of GROW stock, go to TipRanks’ Stock Analysis page.
