9th of October 2010 Author: Natalie Stephanopoulos
Orders overtake available shares within 24 hours
Betfair proved its naysayers wrong this week, with its proposed IPO of ten percent of its shares over-subscribed in the first 24 hours Friday.
British business media quote sources close to the IPO as saying that just a day after the launch of the prospectus, investors had placed orders for all of the shares being made available....and at the prices Betfair asked, valuing the company at some GBP 1.48 billion.
There are reports that on Friday the banks putting the public listing together told their sellers to cease offering the stock as the order book was already full.
The prospectus advised Thursday that 10 percent of Betfair's shares would be put on the market at a price between GBP 11 and GBP 14.
General Gambling News Gambling Law & Society News
7th of October 2010
10th of October 2010
4th of March 2015
19th of January 2015
5th of January 2015
14th of January 2015
21st of February 2015
9th of January 2015
30th of December 2014
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2015
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