http://forexmagnates.com/fresh-out-o...iles-125m-ipo/
That’s got to be one of the leading contestants for the biggest news of the year (I’m awaiting official confirmation).
Streetinsider brings this laconic report:
The offering is being made through Morgan Stanley and Deutsche Bank.
Gain Capital owns Forex.com and is an online provider of retail foreign exchange trading and related services founded in 1999 by a group of experienced Wall Street trading professionals. We offer our customers 24-hour direct access to the global over-the-counter, or OTC, foreign exchange markets, where participants trade directly with one another rather than through a central exchange or clearing house.
More details tomorrow, hopefully.
RTT News brings more details – Gain no longer active in China (we already knew that) and losses money in 2009 (this is new):