XX ZW
Funding Group, a non-public funding agency owned majorly (81.97%) by Jakub
Zablocki, the Co-Founding father of XTB, on Could tenth offered 7 million of its shares in
the Polish FX/CFDs brokerage. The sale quantity to about $64 million at zł38 per
share, which is the worth vary XTB shares offered for on that day.
XTB
disclosed the share gross sales on Tuesday in a notification despatched to the Polish Monetary Supervision
Authority (KNF), noting that the transaction was settled on Could twelfth. The sale brings XX ZW’s share capital of XTB to 61.02% or 71.3 million shares.
XX ZW, additionally
owned 18.03% by Hubert Walentynowicz, beforehand held 78.6
million shares or 66.99% of XTB whose shares are publicly listed on the Warsaw Inventory Trade.
The share
gross sales come at a time of economic buoyancy for XTB. In the course of the first quarter
2023, the dealer’s consolidated web revenue rose 20%
year-over-year to EUR
64.4 million. In truth, in comparison with the final quarter of 2022, the determine jumped fivefold.
XTB
attributed the efficiency to excessive volatility in monetary and commodity
markets pushed by geopolitical tensions and banking crises. The brokerage additionally
mentioned its strategic advertising and marketing initiatives considerably contributed to a
substantial enhance in consumer numbers and transactional actions.
In the course of the
quarter, XTB additionally reported a 46.1% YoY development in new consumer base with the determine doubling compared quarter-over-quarter. In particulars, XTB attracted 104,200 new
purchasers throughout the interval, bringing its whole clientele to
703,900.
XTB Seems to be
Past CFDs
Regardless of
this development, XTB is looking for new purchasers exterior the CFD market. Omar Arnaout,
the CEO of XTB, throughout a current earnings convention mentioned the brokerage
plans to introduce a brand new “investment-savings” product by yr finish.
“We
intention to broaden our product choices to succeed in a broader vary of purchasers, Arnaout mentioned, additional noting that “new
merchandise are essential for us to interrupt the barrier of 40-55 thousand new accounts.”
“Solely new merchandise, coupled with robust advertising and marketing efforts, can
obtain this objective,” the CEO added.
In the meantime, XTB final month additionally expanded its choices to incorporate fractional shares and exchange-traded funds. The brokerage advised Finance Magnates that the service had already been made out there to prospects in a number of European nations, with plans to roll out in additional jurisdictions, together with Poland and Spain, throughout the second quarter of this yr.
Futu exits China app shops; Beeks’ new contract; learn at present’s information nuggets.
XX ZW
Funding Group, a non-public funding agency owned majorly (81.97%) by Jakub
Zablocki, the Co-Founding father of XTB, on Could tenth offered 7 million of its shares in
the Polish FX/CFDs brokerage. The sale quantity to about $64 million at zł38 per
share, which is the worth vary XTB shares offered for on that day.
XTB
disclosed the share gross sales on Tuesday in a notification despatched to the Polish Monetary Supervision
Authority (KNF), noting that the transaction was settled on Could twelfth. The sale brings XX ZW’s share capital of XTB to 61.02% or 71.3 million shares.
XX ZW, additionally
owned 18.03% by Hubert Walentynowicz, beforehand held 78.6
million shares or 66.99% of XTB whose shares are publicly listed on the Warsaw Inventory Trade.
The share
gross sales come at a time of economic buoyancy for XTB. In the course of the first quarter
2023, the dealer’s consolidated web revenue rose 20%
year-over-year to EUR
64.4 million. In truth, in comparison with the final quarter of 2022, the determine jumped fivefold.
XTB
attributed the efficiency to excessive volatility in monetary and commodity
markets pushed by geopolitical tensions and banking crises. The brokerage additionally
mentioned its strategic advertising and marketing initiatives considerably contributed to a
substantial enhance in consumer numbers and transactional actions.
In the course of the
quarter, XTB additionally reported a 46.1% YoY development in new consumer base with the determine doubling compared quarter-over-quarter. In particulars, XTB attracted 104,200 new
purchasers throughout the interval, bringing its whole clientele to
703,900.
XTB Seems to be
Past CFDs
Regardless of
this development, XTB is looking for new purchasers exterior the CFD market. Omar Arnaout,
the CEO of XTB, throughout a current earnings convention mentioned the brokerage
plans to introduce a brand new “investment-savings” product by yr finish.
“We
intention to broaden our product choices to succeed in a broader vary of purchasers, Arnaout mentioned, additional noting that “new
merchandise are essential for us to interrupt the barrier of 40-55 thousand new accounts.”
“Solely new merchandise, coupled with robust advertising and marketing efforts, can
obtain this objective,” the CEO added.
In the meantime, XTB final month additionally expanded its choices to incorporate fractional shares and exchange-traded funds. The brokerage advised Finance Magnates that the service had already been made out there to prospects in a number of European nations, with plans to roll out in additional jurisdictions, together with Poland and Spain, throughout the second quarter of this yr.
Futu exits China app shops; Beeks’ new contract; learn at present’s information nuggets.
