Added to YB: 2025-07-15
Pitch date: 2025-07-10
TFG.AS [bullish]
Tetragon Financial Group Limited
+13.19%
current return
Author Info
No bio for this author
Company Info
Tetragon Financial Group Limited is a close ended feeder fund launched and managed by Tetragon Financial Management LP.
Market Cap
$1.6B
Pitch Price
$15.90
Price Target
N/A
Dividend
2.29%
EV/EBITDA
N/A
P/E
2.51
EV/Sales
1.97
Sector
Capital Markets
Category
special_situation
Deep Dive: Tetragon Financial Group, a Ripple Play
TFG.AS: Closed-end fund trading at 55% discount to NAV; owns ~4M Ripple Labs shares (6.5% of portfolio). Ripple poised for IPO after settling SEC lawsuit and $700M share buyback at $175. TFG stake worth $700M+ at tender price. Insiders own 38.3%, increasing stake over time. Asymmetric play with management buying undervalued shares ahead of Ripple IPO.
Read full article (9 min)