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Retail platform provider Gain Capital, owner of the forex.com brand name, signalled just how fast and far the sector has developed when it filed for an initial public offering on August 31. The company, which was formed in 1999, is planning to offer around $125 million of shares, with the proceeds going to the company’s existing shareholders. Gain has declined to say what percentage of the company the IPO represents.
Other retail platform providers, as well as their investors, will be watching how the IPO, believed to be the first such offering anywhere in the world, unfolds.
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