IG Group completes acquisition of tastytrade
IG Group confirms the completion of its acquisition of tastytrade, an online brokerage and investor education platform.
IG Group confirms the completion of its acquisition of tastytrade, an online brokerage and investor education platform.
IG benefited from exceptional levels of trading activity throughout the third quarter, delivering revenue of £230.3 million.
Online broker tastyworks now offers trading in four of the most actively traded cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
IG paid about 9x revenues and 20x profits for tastytrade, well above its own multiples of 3.5x revenue and 8.5x trailing profits.
IG Group announces the acquisition of tastytrade, a high growth US online brokerage and trading education platform.