| Tom Sosnoff and Scott Sheridan sold about £65 million ($86 million) worth of IG Group Holdings Plc shares in the first big selldown since their Chicago-based options-trading business was bought by the British firm three years ago.
The Tastytrade Inc. co-founders offloaded 6.5 million IG shares to institutional investors, representing about 1.8% of the existing shares, according to a statement. The deal was announced after shares closed at a record-high of 992 pence on Wednesday. The stock dropped as much as 2.6% on Thursday, trimming its year-to-date gain to 27%.
Read Now | 