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
This sale would represent 19.6% of the firm's total
capitalisation, with 44% held by private equity firm Thomas H
Lee and the remaining 36.4% with president and CEO Phillip
Bennett and other directors and management.
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