Freetrade Acquired by IG Group
This is a Freetrade news story, published by CNBC, that relates primarily to IG Group news.
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popular stock trading app RobinhoodCNBC
•UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discount
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.
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