Tastytrade co-founders Sosnoff and Sheridan sell 6.5m shares in IG Group
Jefferies said late on Wednesday that Tom Sosnoff and Scott Sheridan had sold 6.5m 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.
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