FxPro plans Aim flotation
FxPro is planning to list on the Alternative Investment Market in October
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.