The evolution of the still relatively juvenile retail FX market took another step forward this week with Gain Capital’s announcement that it is to hold an initial public offering.
The company is planning to offer around $125 million of shares, with the proceeds to go to the company’s existing shareholders. Gain has declined to say what percentage of the company the IPO represents.
Inevitably, other retail platform providers and their shareholders will be watching how the IPO unfolds.
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