General Betting
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25 Nov 09
20:26
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Date Joined:
10 Jan 03
LONDON, Nov 25 (Reuters) - Betfair, the world's largest internet betting exchange, is close to appointing Rothschild as independent adviser for a potential listing, people familiar with the matter said on Wednesday.
The appointment takes the company a step closer to an eventual initial public offering (IPO), although Betfair is not under pressure to do a deal immediately, one of the people said.
A deal is not likely to emerge until the first quarter of next year at the earliest, another person said.
The IPO could aim to raise around 1.5 billion pounds ($2.5 billion), bankers not involved in the situation have told Reuters previously.
Betfair declined to comment.
The appointment takes the company a step closer to an eventual initial public offering (IPO), although Betfair is not under pressure to do a deal immediately, one of the people said.
A deal is not likely to emerge until the first quarter of next year at the earliest, another person said.
The IPO could aim to raise around 1.5 billion pounds ($2.5 billion), bankers not involved in the situation have told Reuters previously.
Betfair declined to comment.
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can only be a bad thing
more pressure from investors to maximise profits further
more pressure from investors to maximise profits further
seing betfair never paid out the profit, the prices of 1.5 billion pounds is not much more then when softbank took 23% at a value of 1.3 billion pounds
Is it a good investment? Do you have confidence in the board?
Customers will feel the pain with more charges another kick in the wollox, There going to make it even harder to make anything on here but to be fair they make more out of losers so its no surprise there going this way
Wow, worth that much money with a site that can't manage to work properly half the time. Post IPO, they will probably not want to waste money on such mundane expenses!
The obvious Q is: If the shares are so great, why are the BF bosses so keen to sell them?
Cant eat shares....
I expect the BF owners have awarded themselves adequate salaries.
I expect the BF owners have awarded themselves adequate salaries.
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