FX news: FXCM valued at $1 billion
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Foreign Exchange

FX news: FXCM valued at $1 billion

In an amendment of FXCM’s IPO application, published on Monday, the firm says it has 75,300,000 shares, each valued between $13 and $15, making FXCM’s current market value about a whopping $1 billion.

Back in Septemberwhen FXCM first announced the IPO, we estimated it was worth around $676 million, after its purchase of UK-based platform ODL. What a difference a few months make.

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