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FXall files for an IPO

|Includes: Citigroup Inc. (C), DB, FTGI, GCAP, GLBR, IGGRY, SWQGF

Estimated Valuation for FXall of $400 million

LeapRate’s Forex Industry News – Institutional Forex ECN FXall (or more formally, FX Alliance Inc.) filed yesterday for an IPO and a public listing of its common shares. FXall bills itself as “the leading independent global provider of electronic foreign exchange trading solutions, with over 1,000 institutional clients worldwide.”

Some natural questions include:

  • How big an offering is FXall planning?
  • At what company valuation? How does FXall's planned valuation compare to those of public retail FX firms, such as FXCM and Gain Capital?
  • What else did we learn from the FXall prospectus? (e.g. size of Lava acquisition from Citi, FXall's volumes, who are FXall's shareholders...)
  • Where can I find the original IPO prospectus?

For more details on these and other questions, please see the Forex Industry News section of our website at

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