FXall, the electronic trading platform formerly known as FX Alliance, which is backed by a range of financial services firms, will offer its shares at between $13.50 and $15.50 when it floats.

US-based electronic trading platform operator FXall set the range for its initial public offering (IPO) between $13.50 and $15.50 on Friday. FXall is planning to issue 5.2 million shares when it floats.

FXall is expecting to raise about $63m from the offering, all of which will go towards the stockholders as a return on their investment.

FXall’s largest shareholder, venture capital firm Technology Crossover Ventures, is holding on to its 28.1% share. However, FXall is backed by a further ten…