IPO: FX Alliance (FX)

FX Alliance (FX), which operates a leading independent, institutional foreign exchange trading platform, plans to raise $75 million by offering 5,200,000 shares at a price range of $13.50 to $15.50. At the mid-point of the proposed range, FX Alliance will command a market value of $425.56 million. FX Alliance, which was founded in 2000, booked $114 million in sales over the last 12 months. The New York, NY-based company plans to list on the NYSE under the symbol FX. BofA Merrill Lynch, Goldman, Sachs & Co., and Citi are the lead underwriters on the deal.