{
}
IG Group Holdings plc has completed its acquisition of Freetrade, effective April 1, 2025, following the announcement on January 16, 2025. CEO Breon Corcoran expressed enthusiasm about collaborating with Freetrade's team, while co-founder Viktor Nebehaj highlighted the potential for accelerated growth and product development with IG's support.
IG Group has finalized its £160 million acquisition of Freetrade, enhancing its presence in the UK direct-to-consumer investment market. Freetrade will operate independently under CEO Viktor Nebehaj, who aims to accelerate product development and growth. With 720,000 customers and £2.5 billion in assets, Freetrade reported a 32% revenue increase last year, prompting IG to invest significantly in its expansion.
IG Group Holdings plc has successfully completed its acquisition of Freetrade, effective April 1, 2025, following the announcement on January 16, 2025. CEO Breon Corcoran expressed enthusiasm about collaborating with Freetrade's team, while co-founder Viktor Nebehaj highlighted the potential for accelerated growth and product development with IG's support.
IG Group Holdings plc has successfully completed its acquisition of Freetrade, announced on January 16, 2025. CEO Breon Corcoran expressed excitement about the collaboration, while Freetrade's CEO Viktor Nebehaj highlighted the advantages of joining forces to enhance product offerings and accelerate growth. This strategic move aims to expand IG's customer base and improve the overall customer experience.
IG Group has successfully completed its acquisition of Freetrade, originally announced on January 16, 2025. CEO Breon Corcoran expressed enthusiasm for the collaboration, while Freetrade's CEO Viktor Nebehaj highlighted the potential for accelerated growth and enhanced customer offerings through IG's resources. The acquisition aligns with IG's strategy to expand its customer base and product portfolio.
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.
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.
Freetrade, the UK-based zero-commission trading app, has been acquired by IG Group for £160 million ($195 million), reflecting a 29% drop from its 2023 valuation. Despite challenges in the fintech sector, Freetrade will maintain its brand and operate independently, aiming to leverage IG Group's resources for growth. The acquisition is significant for crowdfunding investors, with share payouts set at £1.19 to £2.60 depending on the share class, as the company looks to recover from a steep valuation decline since its pandemic peak.
IG Group has acquired UK trading app Freetrade for £160 million in an all-cash deal, expected to close in mid-2025 pending regulatory approval. Freetrade will continue to operate independently under its current management, with plans for product expansion and increased marketing to drive growth. Founded in 2017, Freetrade offers a variety of investment products, including ISAs, SIPPs, and access to over 6,200 global stocks and ETFs.
Freetrade, a U.K. competitor to Robinhood, has been acquired by IG Group for £160 million ($195 million), reflecting a 29% drop from its last valuation. Founded in 2016, Freetrade gained traction with its zero-commission trading platform but faced challenges due to adverse macroeconomic conditions. The acquisition signals potential consolidation in the wealth technology sector, following Hargreaves Lansdown's £5.4 billion purchase by a consortium including CVC Group.
Viktor Nebehaj
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
IG Group completes acquisition of Freetrade to enhance growth and innovation
15:42 03.04.2025
IG Group completes acquisition of Freetrade to enhance investment offerings
10:33 02.04.2025
IG Group completes acquisition of Freetrade to enhance growth and innovation
18:11 01.04.2025
IG Group completes acquisition of Freetrade to enhance trading platform offerings
17:52 01.04.2025
IG Group completes acquisition of Freetrade to enhance trading platform offerings
17:47 01.04.2025
freetrade sale to ig group brings mixed results for crowdfunding investors
18:30 16.01.2025
freetrade acquired by ig group for 160 million as investors face losses
British Pound Sterling
IG Group Holdings plc
GBR
SWE
Adam Dodds
Breon Corcoran
Viktor Nebehaj
Show more
16:21 16.01.2025
freetrade acquired by ig group for 195 million amid fintech challenges
British Pound Sterling
Euro
United States Dollar
IG Group Holdings plc
GBR
Seb Johnson
Viktor Nebehaj
15:49 16.01.2025
ig group acquires freetrade for 160 million to enhance uk trading services
14:28 16.01.2025
Freetrade acquired by IG Group at significant valuation discount
13:34 16.01.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Retail and Consumer Goods
Global Financial Events
Market Analysis and Predictions
Financial Scams and Security
AI Innovations
Industry Mergers & Acquisitions
Hedge Funds & Private Equity
Global Trade Developments
CEO Changes
Supply Chain Management
Funding Rounds & Investments
Banking Regulations
Workplace Trends
Startups & Entrepreneurship
AI & Automation Regulations
Government Economic Policies
Countries:
Companies:
NVIDIA Corporation
Barclays PLC
Morgan Stanley
JPMorgan Chase & Co.
Tesla, Inc.
Capital One Financial Corporation
The Goldman Sachs Group, Inc.
Bank of America Corporation
Wells Fargo & Company
Apple Inc.
Huawei Technologies CO. Ltd.
Netflix, Inc.
The Charles Schwab Corporation
Citigroup Inc.
Tesmec S.p.A.
Truist Financial Corp
Google Inc.
Discovery Silver Corp.
Discover Financial Services
Microsoft Corporation
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
British Pound Sterling
Swiss Franc
United Arab Emirates Dirham
Canadian Dollar
South Korean Won
Singapore Dollar
Vietnamese Đồng
Offshore Chinese Yuan
Hong Kong Dollar
Japanese Yen
Brazilian Real
Colombian Peso
People: