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FXCM files shelf prospectus indicating plans for $125 million capital raise
Forex broker FXCM Inc (NYSE:FXCM) has filed a shelf prospectus with the U.S. Securities and Exchange Commission (SEC), indicating that the company is planning to raise in the neighborhood of $125 million in the near future. According to the prospectus, the capital raise could be in the form of equity, debt, or some combination thereof. A shelf prospectus filing doesn’t commit FXCM to a capital raise, nor to any specific timing for a capital raise. However, companies don’t usually make such filings unless they have a specific plan in mind to raise money, and targeted (near-term) timing. They are often filed after ... (full story)