The Initial Public Offering of forex broker FXCM has been somewhat delayed. The prospectus was made public already on November 15th, and it was expected to happen until the end of the month. Well, it won’t happen until the end of the month, but not much later.
TheStreet reports that the FXCM IPO will happen on Wednesday, December 1st. They note that recent IPOs led by Credit Suisse were successful and that the shares of the companies remained above the issue price afterwards.
I believe that FXCM will turn into the “forex stock”.
FXCM seeks a value of $1 billion.