IG Group Holdings plc (IGGHY) M&A Call Prepared Remarks Transcript
IG Group LON: IGG said it has agreed to acquire U.S. daily fantasy sports and prediction markets operator Underdog in a transaction designed to expand its presence in the U.S. consumer finance market and add a younger, mobile-focused customer base.
The online-trading company raised its guidance following a strong start to the year, pushing its stock 11% higher to lead the FTSE 100 risers.
IG Group share price has gone parabolic and hit its all-time high after the company published strong financial results and boosted its forward guidance. It soared to a record high of 1,717p, becoming the best performing company in the FTSE 100 Index.