IG Group shares drop 13% since announcing $1B tastytrade acquisition
IG paid about 9x revenues and 20x profits for tastytrade, well above its own multiples of 3.5x revenue and 8.5x trailing profits.
tastytrade
IG Group to acquire tastytrade in $1bn deal
IG Group announces the acquisition of tastytrade, a high growth US online brokerage and trading education platform.
