Freetrade, the British investment platform acquired by IG Group in April 2025, has filed a new share allotment with UK Companies House, increasing its reported nominal share capital from £8.42 to £23.27.
The filing, submitted on November 10, 2026, records shares allotted on October 6, according to the UK corporate registry. The increase of £14.85 represents approximately 176% of the previously reported nominal capital, although the available records do not establish how much money, if any, Freetrade received from the transaction.
The development comes roughly 19 months after IG completed its acquisition of Freetrade, bringing the commission-free investment platform into a group seeking to expand beyond its traditional leveraged trading business.
The underlying document remains unavailable. Companies House states that the SH01 form is being processed and is expected to become accessible within 10 days, leaving the recipient of the shares, their issue price and the consideration for the allotment unconfirmed.
Companies House records October 6 share allotment
According to the official Companies House filing history for Freetrade Limited, company number 09797821, the November 10 submission is classified as an SH01, the statutory form used to report an allotment of shares.
The registry lists aggregate nominal share capital of £23.265708 following the October 6 allotment, compared with £8.415708 reported in a previous SH01 filed on February 23, 2026, relating to shares allotted on February 4.
The arithmetic is straightforward, but the transaction behind it is less so.
Nominal capital represents the face value assigned to issued shares rather than their market value or the price paid by investors. A company can issue shares at a premium to nominal value, meaning the amount paid for an allotment can differ substantially from the movement in registered nominal capital.
It is therefore not possible to infer a £14.85 cash investment from the filing. Nor does the 176% increase establish an equivalent increase in Freetrade’s valuation, net assets or operating capital.
Previous corporate filings also show changes to Freetrade’s share structure. Companies House registered a share consolidation dated January 23, 2026, while documents filed in February recorded amendments to share rights and the company’s articles of association.
Those earlier corporate actions provide context for the latest capital movement, but no direct connection has been established between them and the October allotment.
The new shares might have been issued for cash, non-cash consideration or an internal corporate arrangement. Until the full SH01 becomes availble, the filing does not establish which explanation applies.
Freetrade has operated under IG since April 2025
IG Group announced its acquisition of Freetrade in January 2025 at an enterprise value of £160 million and completed the transaction on April 1 that year.
IG’s subsequent financial reporting recorded £171.6 million in cash consideration for the acquisition, reflecting the completed transaction rather than the originally announced enterprise valuation.
All shares in Freetrade Limited were transferred to Market Data Limited, part of IG Group, when the acquisition closed. Companies House subsequently registered Market Data Limited as a person with significant control, effective April 1, 2025.
The ownership structure provides an important starting point for evaluating the new allotment. The company was already part of IG, and the new filing does not identify a new outside investor.
IG acquired Freetrade to strengthen its UK stock trading and investment business, gaining access to a platform that reported approximately 720,000 customers and £2.5 billion in assets under administration at the end of 2024.
The acquisition has since contributed to IG’s expansion into stock investing. During the first half of 2026, Freetrade contributed £9.8 million to group stock trading and investment revenue, while accounting for 23,600 first trades in the UK and Ireland.
Those figures were part of a wider investment push that included IG’s increased marketing expenditure and Premier League broadcast sponsorship, aimed at attracting a broader retail investment audience.
Freetrade is one part of that effort, and a growing one in customer acquisition terms.
IG’s wider restructuring provides corporate context
The latest filing also comes during a period of broader organisational changes across IG Group.
During 2026, IG pursued a proposed restructuring involving a new Jersey holding company, designed to give the business greater flexibility over corporate organisation and capital management.
That proposal concerns the wider group and should not be confused with the Freetrade allotment. No available document establishes that the two transactions are connected.
IG has simultaneously been expanding through acquisitions and investment products while facing pressure in its core over-the-counter trading business.
In October, the group reduced its 2026 revenue-growth outlook after weaker trading revenue retention overshadowed continued customer growth. The company pointed to approximately 70% OTC revenue retention during the third quarter, below the roughly 80% average achieved following earlier market-making changes.
The group’s diversification strategy gives Freetrade a commercial role beyond its original acquisition price. Its customer base and stock-investment products offer a seperate revenue stream from IG’s traditional derivatives operations.
Still, the capital filing is not a financial performance disclousure. It provides no new figures for Freetrade’s revenue, profitability, cash position or customer assets.
The missing SH01 document will clarify the transaction
The complete SH01 is the next necessary record for establishing the economics of the October 6 allotment.
The form should provide details of the shares issued, their classes and the amount paid or unpaid, as well as information about non-cash consideration where applicable. The identity of the allottee may require additonal corporate records or confirmation from the company.
Those details would help establish whether the increase resulted from a conventional equity subscription, a non-cash allotment or another internal capital transaction.
Even confirmation that shares were issued for cash would not, by itself, establish that the funding originated directly from IG Group’s listed parent rather than another entity within its corporate structure.
The available evidence supports a narrower conclusion: Freetrade registered an increase in nominal share capital following an October 6 allotment, while the economic details remain undisclosed.
For IG shareholders, the information currently available is insufficient to identify a change in the group’s capital commitments or the financial value of its Freetrade investment. The transaction will become easier to assess once Companies House publishes the underlying allotment document.
Johan Shamshad is Editor-in-Chief at Dave Finances, covering financial markets, digital assets, trading platforms, brokers, fintech, payments and regulation. Since 2023, he has also worked as an editor at Gulf News, the UAE English-language newspaper published by Al Nisr Publishing LLC. His work focuses on market-moving developments, company disclosures, regulatory changes and trading infrastructure, with an emphasis on primary-source verification and practical context for traders and investors.