Fresh reports about the initial public offering of Gain point to a very modest IPO – the company is expected to sell only around 400K of shares, not 11 million as reported earlier. At midpoint, $14 a share, Gain Capital Holding will only raise $5 million – just covering the expenses of the IPO, led by Morgan Stanley. Perhaps Gain (forex.com) is having trouble with raising the large amount it asked for earlier, and is now only pushing to get listed in the stock exchange. Such a move will still make the company public, and perhaps a rise in the price of the share will allow for a second public offering, this time allowing the forex broker to raise money for its own use. Here’s a quote from Bloomberg: The Bedminster, N.J., company says it plans to sell 401,692 shares while selling shareholder offer 10.6 million shares, which the company expects to price between $13 and $15 per share. It plans to use the net proceeds to pay the expenses related to the IPO. The company says it will not receive any of the proceeds from the shares sold by shareholders. The IPO is scheduled for today, December 15th. We’ll soon see how this works out. The initial valuation of Gain was already lowered from $536 million to $434 million, but the sum offering was expected to be much higher, boosting the company’s war chest. The Gain IPO follows a successful IPO by FXCM conducted two weeks ago. FXCM raised over $200 million and was valued at over $1 billion. Since the FXCM IPO, the stock dropped from $14 to $13.10 at the last session, still a high valuation. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Basics & IndustryForex Industry share Read Next GBP/USD Loses Support on Soaring Unemployment Rate Yohay Elam 12 years Fresh reports about the initial public offering of Gain point to a very modest IPO - the company is expected to sell only around 400K of shares, not 11 million as reported earlier. At midpoint, $14 a share, Gain Capital Holding will only raise $5 million - just covering the expenses of the IPO, led by Morgan Stanley. Perhaps Gain (forex.com) is having trouble with raising the large amount it asked for earlier, and is now only pushing to get listed in the stock exchange. Such a move will still make the company public, and perhaps a rise in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.