Trading on IG Group to start on April 28

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The spread betting firm is planning to raise £124m, which would be used to pay off all debt and to increase the firm’s ability to make acquisitions to expand internationally.

CVC, which owns 59.3% of IG\’s ordinary shares, is expected to retain a significant shareholding, while the management is expected to sell most of their stake (26.4pc).

“We believe the initial public offering will enable us to build upon (our) success and position the group for further growth,” said Nat le Roux, the company\’s chief executive.

The company appointed two new non-executive directors: Sir Alan Budd, the former chief economic adviser to the Treasury, and Martin Jackson, former finance director of Friends Provident.