Tag: ipo

Betfair set float price

Full news release here: –

https://corporate.betfair.com/media/press-releases/2010/2010-10-07.aspx

But here is the important bit: –

“The indicative price range of the Offer has been set at between £11.00 and £14.00 per Share, which is equivalent to an equity value for Betfair of between approximately £1.16 billion and £1.48 billion based on its issued share capital². This indicative price range is expected to make Betfair eligible for inclusion in the FTSE 250 Index in due course.”

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07/10/2010 | By Peter Webb More

Betfair 1/3 for float failure

Credit to the forum poster who found this on the Internet but it’s either a wonderful peice of PR or people are actually betting against the float being a success. An interesting read anyhow. Until I see the price and / or the offer document it’s difficult to make a true judgement as to whether it’s too expensive or not.

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27/09/2010 | By Peter Webb More

Betfair flotation WILL go ahead

Read full details here: –

https://corporate.betfair.com/investors.asp

As an active private investor I’ve been valuing companies for years. When a company IPO’s to fund expansion this is usually seen as a good sign, raising low cost captial to expand. When a company IPO’s to acquire, there is some risk but the rationale can be justified. The final type of IPO is an exit strategy, a chance for shareholders to cash in at the highest price and to sell some of their …

21/09/2010 | By Peter Webb More