In a Securities and Exchange Commission (SEC) filing in the run up to its planned IPO, Refco Group has priced its shares in a range which valued the company at up to $2.68bn.
In its S-1 filing, Refco said that a total of 25m shares would be released into the open market, initially priced at $19-21.
This sale would represent 19.6% of the firm's total capitalisation, with 44% held by private equity firm...