Shares snapped up! (update)

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

Login to post a comment:


Click Here to register a new account

What's going on right now!

4mins ago someone from Serbia read Grosvenor Casinos review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h


  • New Members
  • Members Online
  • Guests
Highest Community Rated Online Casinos
Guts Casino
  (335 Ratings)
32 Red Casino
  (617 Ratings)
Lucky Red Casino
  (342 Ratings)
BETAT Casino
  (335 Ratings)
Club USA Casino
  (454 Ratings)
Mr Green Casino
  (433 Ratings)
Buzzluck Casino
  (301 Ratings)
  (291 Ratings)
  (298 Ratings)
Raging Bull
  (246 Ratings)
Bet365 Games
  (288 Ratings)
Casino Adrenaline
  (206 Ratings)
Unibet Casino
  (260 Ratings)
  (293 Ratings)
  (380 Ratings)
  (142 Ratings)
  (129 Ratings)
Betsson Casino
  (361 Ratings)
Redbet Casino
  (267 Ratings)
Betsafe Casino
  (345 Ratings)
  (186 Ratings)
Casino Extreme
  (319 Ratings)
Vera John Casino
  (279 Ratings)
ComeOn Casino
  (395 Ratings)
Bet365 Casino
  (549 Ratings)
Thrills Casino
  (294 Ratings)
  (218 Ratings)
Intertops Red Casino
  (200 Ratings)
Sportingbet Casino
  (162 Ratings)
Royal Panda
  (208 Ratings)

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