Betfair Listing Rumours Persist

BETFAIR LISTING RUMOURS PERSIST

14th September, 2010 at 10:34:47
Source: http://www.azonlinecasinos.com

Will online gambling giant go public within the next two weeks?

The UK newspaper The Sunday Times has reignited rumours that online gambling giant Betfair is about to go public, reporting that the group is to announce a 1.5 billion public offering within the next two weeks.

If true, this would make the flotation one of the largest in Britain this year.

The exact price of shares is apparently yet to be determined, but Japanese technology investor Softbank paid 355 million for a 23% stake in 2003, from which the estimated value of 1.5 billion is derived by the newspaper.

Founders Ed Wray and Andrew Black would be the largest beneficiaries of the float; they own a combined stake of 25% of the company.

Related News Tags:



« News index »



SPORTECH FULL YEAR 2016 RESULTS

29th March, 2017 at 15:16:22
Results fail to impress but transformational period positions company for growth, Board believes.

NEW TELEVISION ADVERT FROM ONLINE CASINO

28th March, 2017 at 19:47:54
PlayOJO.com begins major marketing push in UK.

HABANERO HAILS STRONG START TO 2017

28th March, 2017 at 11:21:29
Future looks bright, developer says.

PARIPLAY LAUNCH BLOODSHOT (Update)

27th March, 2017 at 20:04:48
Based on iconic comic book series.

ULTRAPLAY DOUBLE DEAL

27th March, 2017 at 13:46:09
With Mbitcasino and Arcanebet
Full Story: Ultraplay Double Deal »