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UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discount

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Summary
Nutrition label

70% Informative

Robinhood rival Freetrade has been acquired by IG Group for 160 million ( $195.3 million ) - a 29% discount to its last valuation.

The is a sign of consolidation coming to the wealth technology industry, a subsector of fintech .

Last year , Hargreaves Lansdown was acquired for 5.4 billion by a consortium of investors.

VR Score

75

Informative language

79

Neutral language

12

Article tone

semi-formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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