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Online provider of retail foreign exchange trading Gain Capital Holdings files for an IPO

August 31, 2009

Gain Capital Holdings, which operates a leading online foreign exchange trading platform (Forex.com) for retail customers, filed on Monday with the SEC to raise up to $125 million in an initial public offering. The Bedminster, NJ-based company was founded in 1999 and booked $180 million in revenues over the last 12 months. Morgan Stanley and Deutsche Bank are the lead underwriters on the deal. No pricing terms were disclosed.