IG Group Holdings Plc is considering a move from London to
New York in a strategic effort to expand its presence in one of the world’s
largest financial markets. The online trading firm confirmed it is reviewing
its listing venue, legal base, and potential acquisition options as part of a
wider growth plan.
Chief Financial Officer Clifford Abrahams told Bloomberg
that a potential U.S. listing could help IG strengthen its position among
peers, attract new investors, and create a wider pool for deals. He added that
the decision could also benefit staff through greater access to global capital
markets.
Thursday’s financial reports hinted at this move. It noted that IG’s board is running a wide-ranging review of big strategic options. It will look at buying other companies to speed up growth, changing where the group is legally based and where its shares trade to free up capital and give it more flexibility.
Following a Growing Trend
If IG proceeds, it will join a series of UK-listed companies
relocating to Wall Street, including Wise Plc, CRH Plc, and Sunbelt Rentals
Holdings Inc. Despite preparing to join the FTSE 100 this month, IG wants to
ensure long-term competitiveness as valuations and liquidity in the U.S. market
continue to attract global firms.
The review also sits within a wider shift among CFD-focused brokers that increasingly look to the US for growth, even if they stop short of moving their listing. Plus500 has spent recent years building a sizeable US futures and prediction-markets arm and now presents the US as a core expansion pillar, while keeping its shares traded in London.
CMC Markets, meanwhile, has leaned into a multi-asset, multi-region strategy with growing institutional and non-CFD revenue, but likewise maintains a UK listing.
Nonetheless, IG is registering impressive growth. It delivered record revenue in 2025 but saw
profitability metrics come under pressure as funding costs and heavier
investment diluted margins.
Total revenue for the calendar year rose 7% to
£1,123.4 million, supported by a 10% jump in net trading revenue to £1,004.6
million, while net interest income fell 16% to £118.8 million as lower
benchmark rates reduced returns on client cash and more benefit passed through
to customers.
Record Revenue in 2025, but Margins Narrow
EBITDA increased 1% to £531.1 million, but the EBITDA margin
declined from 49.9% to 47.3%, reflecting a deliberate shift in the business
model toward trading and fee income and higher operating spend.
Adjusted EPS rose 5% to 115.3 pence, helped by ongoing share
buybacks that have cut the share count by over 16% since May 2022, while basic
EPS jumped 29% to 130.0 pence, boosted by a one-off £76.0 million gain from the
sale of Small Exchange to Kraken.
Meanwhile, IG recently resolved its long-running search for a new Chair by naming Andrew Barron as Chair Designate and Non-Executive Director. He is replacing outgoing Chair Mike McTighe once regulatory approvals are in place.
This article was written by Jared Kirui at www.financemagnates.com.
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