CEO Ben Bilski on 32% drop in NAGA Group shares
The markets seem to focus nowadays on bad news, and look to “sell now” and worry about buying back later.
The markets seem to focus nowadays on bad news, and look to “sell now” and worry about buying back later.
NAGA’s brokerage business has generated more than €33.5 million in revenue in the first half of 2022, versus €22.3 million in 2021.
Already, NAGA has seen more brokerage sales in year-to-date 2022 than in the entire first half of 2021.
While equity markets globally are taking a hit today, a number of Retail FX firms have reacted especially harshly.
Two of 2021’s market darlings among public traded Retail FX brokers – Swissquote and NAGA.com – have performed the worst YTD in 2022.
This marks the third fundraising in 2021 for the fast-growing NAGA, which operates social trading focused website naga.com.
NAGA.com operator NAGA Group has raised €22.7 million from investors including Christian Angermayer and Igor Lychagov.
NAGA has filed an application with OTC Markets Group for cross listing of shares on the OTCQX Venture Market.