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FXCM Files For $200 Mln IPO

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

FXCM Inc., an online provider of foreign exchange trading and related services, announced its intention to go public through an initial public offering of up to $200 million shares of its Class A common stock.

The New York-based company said it intends to apply to list the shares of Class A common stock on the New York Stock Exchange under the symbol "FXCM"

FXCM said it plans to use a portion of the proceeds from this offering to buy equity interests in its business from existing owners, including members of senior management.

FXCM operates its business through two segments, retail trading and institutional trading. Retail trading segment accounted for 92%, while FXCM Pro accounted for 8% of its total revenues less referring broker fees in 2009.

Entities affiliated with Long Ridge Equity Partners, Lehman Brothers Holdings Inc., Michel Daher, Drew Niv, David Sakhai, William Ahdout, Kenneth Grossman, Eduard Yusupov, Joseph Filko, Andreas Putz, David Sassoon beneficially own shares in FXCM.

Also on Friday, CTPartners Executive Search Inc. filed its prospectus for an initial public offering of up to $34.50 million shares of common stock. CTPartners, a provider of retained executive search services, intends to apply for listing common stock on the NYSE Amex Equities stock exchange under the symbol "CTP"

In addition, Zogenix, Inc., a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain, filed for an initial public offering of up to $90 million of common stock. The San Diego, California-based company has filed an application for its common stock to be listed on The NASDAQ Global Market under the symbol "ZGNX"

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