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FxPro Group May Hold London IPO as Soon as Next Year, CEO Says

FxPro Group Ltd. may hold an initial public offering in the U.K. as soon as next year as the online currency broker considers making acquisitions and expanding into new markets.

The privately held company, which in 2010 canceled an earlier IPO attempt, plans to open an office in Dubai to tap wealthy Asian, Middle East and Persian Gulf state clients, Chief Executive Officer Charalambos Psimolophitis said in a phone interview Monday. A stock sale is dependent on market conditions and board approval, he said.