Tastytrade co-founders Sosnoff and Sheridan sell 6.5m shares in IG Group

29th Aug 2024 07:51

(Sharecast News) - Jefferies said late on Wednesday that Tom Sosnoff and Scott Sheridan had sold 6.5m IG Group shares in a placing to a limited number of institutional investors.

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.

Top Risers

Share	Price	Change
Cleantech Lithium (CTL)	20.00	100%
Premier African Minerals (PREM)	0.049	55.56%
Global Petroleum (GBP)	0.2075	22.06%
Beacon Energy. (BCE)	0.00415	18.57%
Orosur Mining (OMI)	3.70	17.46%

Top Fallers

Share	Price	Change
Helix Exploration (HEX)	14.25	-34.93%
Pets at home (PETS)	237.20	-14.37%
Xaar (XAR)	66.00	-13.04%
Galantas Gold (GAL)	4.25	-12.82%
Braveheart Investments (BRH)	3.50	-12.5%

Top By Volume

Share	Price	Volume
Premier African Minerals (PREM)	0.049	500,807,344
Mosman Oil Gas (MSMN)	0.037	448,752,157
Nostra Terra (NTOG)	0.0255	385,793,463
Tower Resources (TRP)	0.0275	367,319,392
Cap-xx (CPX)	0.1475	154,686,943

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.