MF Global (MFG) recorded a second quarter loss of $90.6m due to
costs associated with its IPO this September, despite strong
growth in its execution and clearing businesses.
Net revenues totalled $435.5m during Q2 surpassing the 2006
level of $323m but MFG revealed that the IPO and a provision
for litigation settlement, cost the firm $144.3m. MF shares
opened at $31 on 19 July having initially been slated to trade
at $36 - $39. The price later dipped on New York Stock Exchange
further to around $23 and was priced at $29.56 on 1 November.
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