Soon You Can Own a Piece Of Forex.com
Certainly one of the most valuable financial domains on the Internet is Forex.com and soon you can one a piece of it.
The company, Gain Capital, which owns the domain name Forex.com, will have its IPO on the stock exchange on the week of December 13th.
The stock price range is expected to be from $13 to $15.
At the $14 price per share, the valuation for the company would be around $536 million.
Of course the company owns more than just the domain name.
Gain Capital Holdings, which provides an online foreign exchange trading platform for retail customers, was founded in 1999 and recorded $188 million in net revenue for the 12 months ended September 30.
I’m sure the domain name Forex.com had a pretty big impact on the company being able to generate that level of income and stand out from the crowded field of brokerage houses
Share of the stock will be traded under the symbol GCAP.
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Huge Business all around.
4 Trillion USDs trade daily.
very hard to make money today
I don’t care so much about the net rev in 1999, what was it in 2009 Michael?
Josh
Your misunderstood the post or maybe I didn’t write is clearly.
The company was founded in 1999, the net of $188 was for the year ending this past September.
I will clarify it now
Seems curious to me that according to Compete.com, their traffic seems to be declining on a monthly basis.
I see now, yes can kind take it both ways, thanks for clarification Michael.
btw why is it the estimated value at that stock price extremely low, are they expecting a huge jump off the bat in share value, lower offering considering the economic climate ( I would think ) ?
if it goes up above $15, short the stock and ride this puppy down to the ground for huge gains…easy money!!!
Company goes public today:
http://www.forexcrunch.com/gain-ipo-at-9-per-share-35-lower-than-midpoint/
You’ve got great insights about Forex, keep up the good work!