IronFX and FXDD to merge, go public on Nasdaq in reverse takeover

From leaprate.com

LeapRate has learned from sources close to the situation as well as from regulatory filings made late last week that retail Forex brokers IronFX and FXDD are planning to merge. At the same time, the merged company is planning to go public on Nasdaq via a reverse takeover of an existing publicly traded company. The transaction is expected to value the combined businesses at between $150M – $225M USD. The transaction has the backing of FXDD’s controlling shareholder, Tradation, the interdealer broking arm of Compagnie Financière Tradition. We also understand that the merged company will have the backing of a major ... (full story)