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The IPO of Gain Capital Holdings ( will go ahead on Wednesday, December 15th. Michael Greenberg reports about this exact scheduling and says that the valuation will be around $434 million, significantly lower than $536 originally estimated.

Gain’s IPO got an informal “green light” after the successful IPO of FXCM held at the beginning of the month. Note that FXCM’s share dropped below the IPO price, but the company is still has a high valuation.