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freetrade sale to ig group brings mixed results for crowdfunding investors

IG Group is set to acquire Freetrade for £160 million, resulting in mixed outcomes for over 20,000 crowdfunding investors. While early backers may see returns of up to 15 times their investment, later investors could face losses exceeding 80%. Freetrade's CEO emphasized the sale's necessity for growth and product development, despite some investor disappointment.
thetimes.com
British Pound Sterling IG Group Holdings plc GBR Adam Dodds Viktor Nebehaj Show more
Business & Industry, News Article
18:30 16.01.2025

freetrade acquired by ig group for 160 million as investors face losses

IG Group has acquired Freetrade, the free share dealing app, for £160 million, significantly lower than its peak valuation of £650 million during the pandemic. Crowdfunding investors are expressing concerns over substantial losses, as the platform's valuation dropped to £225 million in 2023. Despite this, Freetrade reported its first profitable half-year in 2023 and plans to expand its product offerings under IG's ownership.
This is Money
British Pound Sterling IG Group Holdings plc GBR SWE Adam Dodds Breon Corcoran Viktor Nebehaj Show more
Business & Industry, News Article
16:21 16.01.2025
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