IG Group plans to acquire crypto exchange Independent Reserve at an initial valuation of $117 million
Source: Odaily
Time: 2025-09-19 20:57:08
Odaily Planet Daily News FTSE 250 index listed company IG Group announced that it plans to acquire Australian crypto exchange Independent Reserve at an initial valuation of $117 million. It is reported that IG will pay about $72 million to acquire 70% of the initial stake in the cryptocurrency exchange. If it meets its performance target for fiscal year 2026, the acquisition price will increase to $82 million. The group also holds call options that purchased the remaining 30% stake based on 2027 and 2028 performance. (The Block)