The currency trading platform is backed by 10 banking groups and financial services firms, some of which will be acting as book-running managers for the IPO.
US-based electronic currency trading platform FX Alliance filed for an initial public offering (IPO) with the US Securities and Exchanges Commission on Monday. The IPO could reach up to $100m although the precise number of shares to be sold and their price is yet to be determined.
The largest single stockholder is venture capital firm Technology Crossover Ventures, which owns 28.1% of FX Alliance’s stock, having invested $77.5m in July 2006. Ten banking groups or financial services firms own stakes…
