IG trading platform to buy tasty US brokerage exchanges for $ 1 billion

(Reuters) – London-listed trading platform IG said it plans to buy tasty online brokerage for $ 1 billion, as it increases its presence in the US after a stellar year for the industry due to coronavirus-driven market volatility .

Payment of the deal would be made through $ 300 million in cash and the issuance of 61 million IG shares, the company said Thursday.

Reportage by Indranil Sarkar and Muvija M in Bengaluru; Montage of Krishna Chandra Eluri