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Foreign exchange broker FXCM files for $200 million IPO

September 7, 2010

FXCM, which provides online foreign exchange trading services to over 165,000 retail and institutional customers, filed on Friday with the SEC to raise up to $200 million in an initial public offering. The New York, NY-based company, which was founded in 2010 to operate FXCM Holdings, LLC and booked $325 million in sales for the 12 months ended June 30, plans to list on the NYSE under the symbol FXCM. Credit Suisse, J.P. Morgan and Citi are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.