Updated details of FXCM/ODL acquisition unveiled

Previously I reported that FXCM acquired ODL for only 3.5% of its shares, deal that was valued back then at $23.6 million. I hence deduced that FXCM's value was around $676 million pre-money.

It seems that FXCM have updated these figures in their final pre-IPO filing.

FXCM now state that ODL was acquired for $2.2 million and cash and %5.25 of FXCM valuing the deal at $54.9 million. This means that at the time of ODL's Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term FXCM valued itself at $1.003 billion. FXCM was valued $1.05 billion at the IPO after raising $210 million - that is $840 million before the money.

Pretty neat deal for FXCM which received about $190 million in assets (including $163 million in client funds) even though it had to write off about £12.6 million in unrecoverable debt and inject $9.4 million to strengthen ODL's balance sheet.