M&A
Freetrade faces investor backlash over sale to IG - report
By Frank Prenesti
Date: Thursday 16 Jan 2025
(Sharecast News) - Online trading app Freetrade reportedly faces a backlash from early investors after announcing a £160m sale to IG Group - a fraction of the valuation it targeted during earlier fundraising talks.
A number of Freetrade shareholders were angry at the takeover, with one calling it "a nonsensical deal".
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