Refco Inc. (NYSE: RFX), a diversified financial services company, today announced that it has priced its initial public offering of 26,500,000 shares of common stock at $22.00 per share.  The company is selling 12,500,000 shares, and 14,000,000 shares will be sold by existing stockholders.  Refco has granted the underwriters an option to purchase from Refco within the next thirty days up to an additional
3,975,000 shares at the initial public offering price to cover
over-allotments, if any.

Credit Suisse First Boston LLC, Goldman, Sachs & Co. and Banc of America Securities LLC are the joint book-running managers for the IPO.  Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Sandler O'Neill & Partners, L.P. and HSBC Securities (USA) Inc. are the co-managers.

INFO SOURCES

Refco, Inc. (NYSE: RFX); Regulatory Filings [SEC]

FIRMS

Refco is a diversified financial services organization with operations in
14 countries and an extensive global institutional and retail client base.
Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London, Paris and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives.

LINKED TO

Thomas H. Lee Advisors, LLC; Putnam Investments ; General Motors Investment Management Corporation ("GMIMCo"); Auda Partners LLC; CSFB Fund Co-Investment Program, L.P; Pacific Corporate Group LLC [New York State Retirement Co-Investment Fund, L.P.]; Partners Group [Pearl Holding Limited, Vega Invest (Guernsey) Limited]