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Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
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  • FXall IPO Now To Be Entirely Selling Shareholders 0 comments
    Jan 25, 2012 12:27 PM | about stocks: FXCM, GCAP, SWQGF, IGGRY, IAPLF, IAPLY, KCG, STT, BGCP

    FXall also reported falling volumes in Q4;
    pays $63 million pre-IPO dividend.

    FXalllogoForex ECN FXall (or formally, FX Alliance Inc.) today refreshed its registration statement / prospectus with the U.S. Securities and Exchange Commission (or "SEC"), in preparation for going public.

    So what has changed from the previous document, filed in late December? Apparently FXall has changed its mind, and now does not plan to receive any of the proceeds from the offering. As now reconstituted, the IPO will consist entirely of selling shareholders. FXall's major shareholders include venture capital firm TCV (Technology Crossover Ventures) with a 28% stake, CEO Philip Weisberg with 7%, and a group of banks each holding 5% including BofA, BNP Paribas, Citigroup, Credit Agricole, Credit Suisse, Goldman Sachs, HSBC, Morgan Stanley, and The Royal Bank of Scotland.

    For more details see LeapRate's Forex Industry News at

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