Thanks to LeapRate, we now have a pretty good idea of the FXall IPO details (here)
As previously mentioned, FXall plans to raise $75mln, with “all proceeds going to existing shareholders” – with some of the banks expected to exit on flotation!
LeapRate provide analysis below showing that FXall is likely to come to market at a premium to other public FX platforms.
Filed under: FX, MDP, Paul Blank |
[…] recent client FX volumes/channel, can see the writing on the wall, and are taking advantage of the IPO as an opportunity to sell their stakes in FXall – and they should know, as they see their client volumes on their own […]
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