The founders of Plus500 sold shares for $ 110 million

The five Israeli founders of London's Plus500 trading platform sold the company's 7.27 million shares for 11 pounds a share.

The total amount they earned amounted to 80 million pounds, or 110 million dollars.

The sale price is slightly lower than the value of the stock at the close of Thursday's stock exchange session - 11.69 pounds a share.

Alon Gonen sold the most shares - 3.4 million shares for the total 37.4 million pounds. The company informs that none of the five founders are daily involved in the development of the company.

The value of Plus500's shares reached record levels after the strongest quarter in the company's history in which it managed to generate revenue of $ 132 million due to the increased interest in trading with crypto-lute.

The deal reduced the ownership stake of the five founders from 22% to 16%. For the last time, they sold some of their shares in 2016 when 15.5 million shares were sold.

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