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    IGG   GB00B06QFB75

IG GROUP HOLDINGS PLC

(IGG)
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IG Group to sell two trading platforms for $216 million

12/01/2021 | 03:15am EST
Dealers work on the IG Group trading floor in London, Britain

(Reuters) - Online trading platform IG Group said on Wednesday it was planning to sell its short-term options trading platform NADEX and crypto stock exchange Small Exchange for $216 million to Crypto.com's Forix Dax Markets.

The sale of its North American Derivatives Exchange Inc (NADEX) and Small Exchange, in which the group owns a nearly 39% stake, will not impact its annual profit, IG Group said, adding that it expects to close the deal in the first half of 2022.

"This deal also allows us to further sharpen our focus on integrating and expanding the U.S. options and futures business through our tastytrade and tastyworks franchises, both in the United States and internationally," said CEO June Felix.

Felix added that she sees significant room for growth in tastytrade and tastyworks, the U.S. online brokerage and trading education platforms that IG Group bought earlier this year.

The London-listed company had withdrawn a number of its riskier equities products earlier this year after a craze of stock market bets by small U.S. investors triggered huge swings in some share prices.

(Reporting by Sinchita Mitra in Bengaluru; Editing by Arun Koyyur and Uttaresh.V)


ę Reuters 2021
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Analyst Recommendations on IG GROUP HOLDINGS PLC
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Financials
Sales 2022 859 M 1 165 M 1 165 M
Net income 2022 304 M 412 M 412 M
Net cash 2022 634 M 860 M 860 M
P/E ratio 2022 11,7x
Yield 2022 5,31%
Capitalization 3 570 M 4 841 M 4 839 M
EV / Sales 2022 3,42x
EV / Sales 2023 2,89x
Nbr of Employees 2 094
Free-Float 95,5%
Chart IG GROUP HOLDINGS PLC
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IG Group Holdings plc Technical Analysis Chart | IGG | GB00B06QFB75 | MarketScreener
Technical analysis trends IG GROUP HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 829,00 GBX
Average target price 1 023,71 GBX
Spread / Average Target 23,5%
EPS Revisions
Managers and Directors
June Yee Felix Chief Executive Officer & Executive Director
Charlie Arthur Rozes Chief Financial Officer & Executive Director
Robert Michael McTighe Chairman
Jonathan Mark Noble Chief Information Officer
Malcolm John Le May Senior Independent Non-Executive Director
Sector and Competitors