This article appears courtesy of Global Investor
FxPro is planning to list on the Alternative Investment Market in October, Financial Times reports. The listing could value the Cyprus-based foreign exchange broker at around $307.5 million.
The management, headed by founders Panagiotis Xydas and Denis Sukhotin, is planning to sell about 30% of FxPro, raising about $92 million. In preparation for the listing, FxPro appointed Jim Sutcliffe, former chief executive of Old Mutual, as Chairman in June.
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