Will Online Gambling Company Betfair Go Public?

[Betfair]

The UK newspaper The Sunday Times has reignited rumours that online gambling giant Betfair is about to go public, reporting that the group is to announce a GBP1.5 billion public offering within the next two weeks.

If true, this would make the flotation one of the largest in Britain this year.

The exact price of shares is apparently yet to be determined, but Japanese technology investor Softbank paid GBP355 million for a 23 percent stake in 2003, from which the estimated value of GBP1.5 billion is derived by the newspaper.


Will Online Gambling Company Betfair Go Public

[Fishhead]

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