{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
IG Group has acquired the trading app Freetrade for £160 million to enhance its UK investment offerings. Freetrade, which boasts 720,000 customers and £2.5 billion in assets under management, is recognized for its strong brand and scalable technology. The acquisition aims to capitalize on the growing UK direct investing market, projected to expand due to trends like self-directed investing and increased financial literacy.
IG Group has acquired Freetrade, a commission-free investment platform, for £160 million to enhance its UK offerings. The deal, funded by IG's existing capital, awaits regulatory approval expected by mid-2025. Freetrade, launched in 2018, has 720k customers and £2.5 billion in assets under management, generating £27.5 million in revenue in 2024.
IG Group Holdings plc has announced its acquisition of Freetrade, a self-directed investment platform, for £160 million. This move aims to enhance IG's UK trading offerings and expand its market reach, with Freetrade continuing to operate independently under its existing management.Freetrade, launched in 2018, has rapidly grown to 720,000 customers and £2.5 billion in assets under administration (AUA) by the end of 2024. The acquisition is expected to complete by mid-2025, pending regulatory approvals, and is projected to yield a return on invested capital exceeding IG's average cost of capital within three to five years.
Viktor Nebehaj
People
09:17 16.01.2025
08:43 16.01.2025
08:10 16.01.2025
Trending
Subcategory:
Stock Market Updates
Corporate News
Industry Trends
Retail and Consumer Goods
Banking Regulations
Global Financial Events
Finance Mergers & Acquisitions
European Securities and Markets Authority
Market Analysis and Predictions
Industry Mergers & Acquisitions
Central Bank Actions
Inflation and Monetary Impact
Supply Chain Management
CEO Changes
Workplace Trends
Cryptocurrency Trends
Foreign Exchange Rates
Cryptocurrency Markets
Banking & Investment Regulations
Corporate Social Responsibility
Countries:
Companies:
Currencies:
People:
Apple Inc.
Credit Suisse High Yield Bond Fund, Inc.
Vivos Inc.
Samsung Biologics Co.,Ltd.
Spotify Technology S.A.
UBS Group AG
Michelin
Zalando SE
Tesmec S.p.A.
XIAOMI-W
UBS AG
Compagnie de Saint-Gobain S.A.
JPMorgan Chase & Co.
SAP SE
RICHEMONT, Intellectual Property Services
Taiwan Semiconductor Manufacturing Co Ltd
SentinelOne, Inc.
Coinbase Global, Inc.
Thurgauer Kantonalbank
Berner Kantonalbank AG
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
New Zealand Dollar
Australian Dollar
New Taiwan Dollar
Singapore Dollar
Indian Rupee
Indonesian Rupiah
South Korean Won
Vietnamese Đồng
Danish Krone
Canadian Dollar
Malaysian Ringgit
Hong Kong Dollar
Japanese Yen
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.