FXCM raises $50 million for acquisitions
Niv said almost all shareholders sold the same percentage, which was diluted by 20% of the initial share price of $14. "A little over 16% was sold directly by shareholders and we also raised $50 million in primary proceeds for acquisitions," he said.
The New York-based company opened its initial public offer on December 1, selling 15.06 million shares at 16 times earnings at $14 each, raising approximately $210.8 million. The price was at the mid-point of that filed in documents with the US
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