Forex Trading | Currency Exchange | Currency Trading | Foreign Exchange Blog » citigroup global markets http://www.forexbite.com/bites Wed, 20 Apr 2011 04:26:46 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 FXCM IPO Done At $211M http://www.forexbite.com/bites/fxcm-ipo-done-at-211m http://www.forexbite.com/bites/fxcm-ipo-done-at-211m#comments Sat, 04 Dec 2010 21:58:09 +0000 http://forexbite.com/bites/?p=11 FXCM IPO Done At $211M post from Forex Trading Blog

]]> Congratulations to the FXCM team for get a good IPO. Finally forex has entered mainstream. This will give others in the industry a lot of confidence. We should also see a lot of new players entering and start-ups testing the waters. Investors and venture capital s will also have renewed confidence in currency trading ventures now that the IPO exit strategy has presented itself.

The initial public offering translates to an FXCM valuation of just over $1 billion; which is a 16 times FXCM’s earnings multiple of 2010 after floating 15,060,000 Class A common stock priced at $14.00

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as joint book-running managers of the offering. Barclays Capital Inc., Deutsche Bank Securities Inc., Sandler O’Neill & Partners, L.P. and UBS Securities LLC are acting as co-managers.

FXCM IPO Done At $211M post from Forex Trading Blog

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