Exclusive: Jakub Zablocki cashes out $119 million in XTB shares after all-time high hit
The share price for the sale was at a fairly steep (12.3%) discount to XTB’s closing price on Monday of PLN 46.78.
The share price for the sale was at a fairly steep (12.3%) discount to XTB’s closing price on Monday of PLN 46.78.
Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) closed out a record year for both Revenues and […]
The UK FCA warns that XTB Trading World is abusing the details of the authorized broker XTB.
Monthly trading volumes averaged $198 billion at XTB during Q3 2023, up from $182 billion monthly in Q2.
The revenue decline at XTB is mainly the result of lower volatility in the financial and commodity markets in Q2 2023.
XTB’s offer in the UK market will include real stocks from the European and US stock markets and ETFs from the European markets.
XTB had its best-ever year in 2022 with Revenues of PLN 1,444 million ($328 million) and Net Profit of PLN 765 million ($174 million).
Until now, XTB’s offer in the MENA market was based on CFDs.
The share sale takes Jakub Zablocki’s ownership stake in XTB down to 61.02%, from 66.99% before the sale.
Following the sale, Jakub Zablocki’s XX ZW Investment Group will continue to hold 71.63 million XTB shares, worth about $675 million.