FXCM Seeks $226 Million in First Online Trading IPO Since 2007 By Bloomberg FXCM Inc., which provides currency trading on the Internet for individual investors, is seeking to raise $226 million today in the first U.S. initial public offering for an online trading platform since 2007. The operator of the DailyFX.com website is selling 15.1 million shares at $13 to $15 each, a filing with the Securities and Exchange Commission said. At the midpoint, the IPO values New York-based FXCM at 16 times earnings, an 43 percent discount to the median of five companies cited in the IPO prospectus as competitors, data compiled by IPOdesktop.com and Bloomberg show.
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