16th of January 2011 Author: Ava Jackuard
Does the show do the trick?
Upon finding their share price going down, online gambling group Betfair, which launched an IPO amid much fanfare late last year, decided to start a high level road show for investors in order to fight this threat.
According to the UK media, the last week’s drop of the shares was some 33 percent compared to the launch price in October 2010 of GBP13. Therefore, the company appointed a road show team, led by CEO David Yu, which made presentations in the offices of giant US broker houses, including Morgan Stanley and Goldman Sachs, which have already cooperated with Betfair when they sponsored the GBP 1 billion IPO.
The road show initiative so far seems to be a success, with the shares going back up, touching 947p late in the week before closing 2.50p easier at 922.50p.
It was further reported that "the IPO made Betfair more attractive to foreign investors, as it attempts to expand into new markets overseas. On that score, word is Yu has two or three international deals up his sleeve which should bolster its rating.”
General Gambling News Gambling Law & Society News
30th of October 2010
10th of October 2010
21st of December 2014
19th of December 2014
18th of October 2014
20th of October 2014
7th of November 2014
25th of November 2014
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2014
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here