Portfolio news: Freetrade acquired by IG Group for £160m
Today Freetrade agreed to be acquired by IG Group for a total consideration of £160m.
We invested in Freetrade in April 2019, when the company had 10,000 users and just few US shares on its platform.
Today Freetrade has over 1.5m users, £2.5bn assets under management and allow investors to trade 6,000 US, UK and EU stocks, EFTs and Government Bonds.
The exit represents a cash exit multiple of 1.5x for our initial investment of 2019.
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