IG Group has sold Small Exchange Inc to Payward Inc for $100 million
LONDON: IG Group Holdings plc has completed the sale of Small Exchange Inc to Payward Inc (“Payward”), the parent company of the crypto exchange Kraken. The transaction values Small Exchange at $100.0m (£74.9m), with the consideration comprising $32.5m (£24.3m) in cash and $67.5m (£50.6m) in Payward stock. The sale results in a post-tax gain of…