What is OMG and what does the company do?

OMG (Openmarkets Group) is a trading and wealth management infrastructure fintech company that provides platforms and services to both institutional and retail clients. The company operates through its B2B arm, Openmarkets, which serves sophisticated investor clients, and Opentrader, its retail trading product.

How much did OMG raise in its pre-IPO funding round?

OMG extended its pre-IPO raise to $17.5 million to support continued record growth. The majority of funds were derived from sophisticated investor clients of OMG's B2B and retail trading arms, with the remainder coming from existing investors.

Why did OMG extend its pre-IPO funding round?

OMG extended its pre-IPO raise due to record growth and strong demand from investment professionals. The high level of investor interest from the company's own client base in both its B2B and retail divisions indicated strong confidence in the company's market position and future prospects.

OMG extends pre-IPO to $17.5m due to record growth; acquires Cannon Trading