Tastytrade co-founders Sosnoff and Sheridan sell 6.5m shares in IG Group
Last Updated
The placing represents around 1.8% of the existing share capital in the company.
Jefferies acted as sold global coordinator and sole bookrunner in connection with the placing, settlement of which is expected to take place on 2 September.
IG will not receive any proceeds from the placing.
Sosnoff and Sheridan were co-founders of US online brokerage and trading education platform Tastytrade, which was acquired by IG in 2021 for $1bn.