



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.
FXCM IPO may go ahead on Thursday - Forex Magnates Forex trader FXCM set for Thursday IPO - MarketWatch FXCM IPO Will Boost Forex, Price Reasonable - Forex Crunch FXCM's IPO Reasonably Priced Before Thursday's Debut - Seeking Alpha