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IG Group said it was considering a New York listing, in a move that would give the platform access to the lucrative US online trading market but which would constitute another blow to London’s stock exchange.
The FTSE 250 company, which offers spread betting and investing services, said on Thursday that it would launch a strategic review and that it would assess its “domicile and listing venues” to “unlock capital and enhance strategic flexibility”.
The company also said it would consider acquisitions and that the outcome of the review would be announced later this year.
Shares in IG closed 6 per cent higher in London trading on Thursday after it also reported a 15 per cent increase in profit before tax for the 2025 calendar year. The increase lifted the gain in IG’s share price over the past year to about 50 per cent.
IG Group, which is poised to join the FTSE 100 on Monday, has grown from a small operation founded by financier Stuart Wheeler in 1974 with £30,000 to enable spread betting on gold prices at a time when physical gold ownership was restricted in the UK.
The company expanded into sports spread betting and forex trading in the 1990s and listed on the London Stock Exchange in 2005.
If IG Group does eventually decide to move its listing to the US, it will be the latest in a series of companies that have fled the UK in search of deeper liquidity.
Food delivery group Just Eat delisted from the LSE in 2024, as did the gambling company Flutter. Online payments company Wise said in 2025 that it would also move its primary listing from London to New York.
Earlier this week, building materials group CRH ditched the LSE entirely, two and a half years after the Ireland-based company moved its primary listing to New York.
IG posted on Thursday a 7 per cent increase in revenues in 2025, to £1.12bn. It said the number of active customers had increased to 280,000 from 266,000 in 2024.
The company also launched a new share buyback programme of £125mn.