Road Show for Betfair Investors


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

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

6s ago someone from United States read article Betfair signs another deal

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    20
  • Members Online
    337
  • Guests
    2,117
Highest Community Rated Online Casinos
NextCasino
  (127 Ratings)
Bet365 Games
  (151 Ratings)
CasinoLuck
  (199 Ratings)
Betsson Casino
  (191 Ratings)
Unibet Casino
  (116 Ratings)
Redbet Casino
  (122 Ratings)
Spin Palace Casino
  (104 Ratings)
Slotty Vegas
  (92 Ratings)
Guts Casino
  (149 Ratings)
Mr Green Casino
  (259 Ratings)
Betsafe Casino
  (169 Ratings)
32 Red Casino
  (274 Ratings)
ComeOn Casino
  (211 Ratings)
BitCasino.io
  (153 Ratings)
Winner Casino
  (318 Ratings)
Vera John Casino
  (160 Ratings)
Intertops Casino Classic
  (97 Ratings)
Sin City Casino
  (81 Ratings)
Jetbull Casino
  (90 Ratings)
Liberty Slots Casino
  (153 Ratings)
Thrills Casino
  (114 Ratings)
Intertops Red Casino
  (108 Ratings)
Ladbrokes Casino
  (141 Ratings)
Casumo
  (112 Ratings)
BETAT Casino
  (174 Ratings)
Whitebet Casino
  (81 Ratings)
3Dice Casino
  (230 Ratings)
PlayHippo
  (64 Ratings)
Slotland
  (272 Ratings)
River Nile Casino
  (90 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus