Institutional Investors Flock to Plus500 after Value Drops by a Third

[kreslik.news]

The 30 percent correction in the value of retail brokerage Plus500 is attracting attention from more professionals. The increasing amount of institutional investors which have purchased shares in the company include some old and new names.

The previous largest institutional investor in Plus500, Playtech, offloaded its stake to private equity investor Bright-Tech Limited. The 9.99% stake which the gaming giant has been holding since 2015 was offloaded earlier this month.

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The news comes a little less than a week after the founders of the company sold about 8 percent of the ... (read more)