IG Group mulls switching listing from London to New York

robot
Abstract generation in progress

The spread betting specialist is preparing to join the FTSE 100 this month but CFO Clifford Abrahams told Bloomberg: “The US is the biggest global market. We have a large and growing US business.

“We want to be bigger in the US and a US listing could give all sorts of benefits such as access to different sorts of investors and M&A currency.”

Prediction markets like Polymarket and Kalshi, where people buy and sell contracts on real-world outcomes, are becoming increasingly popular in the US.

This week IG Group announced a strategic review that will investigate acquisitions and partnerships, with a focus on the firm’s top two market - the UK and US.

In January it struck a deal to buy self-directed investment platform Freetrade for £160 million.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin