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!

15s ago someone from Russian Federation read GoWild Casino review

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
    37
  • Members Online
    550
  • Guests
    2,023
Highest Community Rated Online Casinos
NextCasino
  (154 Ratings)
Bet365 Games
  (167 Ratings)
Unibet Casino
  (134 Ratings)
CasinoLuck
  (222 Ratings)
Betsson Casino
  (211 Ratings)
b-Bets
  (18 Ratings)
Betsafe Casino
  (182 Ratings)
Spin Palace Casino
  (119 Ratings)
Mr Green Casino
  (283 Ratings)
Redbet Casino
  (148 Ratings)
Slotty Vegas
  (114 Ratings)
Sin City Casino
  (101 Ratings)
Guts Casino
  (175 Ratings)
32 Red Casino
  (306 Ratings)
Intertops Red Casino
  (123 Ratings)
Vera John Casino
  (178 Ratings)
Winner Casino
  (342 Ratings)
ComeOn Casino
  (239 Ratings)
BETAT Casino
  (192 Ratings)
Liberty Slots Casino
  (185 Ratings)
Intertops Casino Classic
  (111 Ratings)
Thrills Casino
  (133 Ratings)
Casumo
  (136 Ratings)
Ladbrokes Casino
  (156 Ratings)
Jetbull Casino
  (105 Ratings)
Royal Vegas Casino
  (133 Ratings)
Vegas Red Casino
  (191 Ratings)
24hBet
  (30 Ratings)
InterCasino
  (138 Ratings)
Slotland
  (302 Ratings)


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