Thread: World's biggest online poker site considers IPO

World's biggest online poker site considers IPO
By Matthew Garrahan in London
Published: January 26 2005 21:50 | Last updated: January 26 2005 22:09

The world's biggest online poker site is edging towards a market listing, in what could be a further sign of a resurgence in investor interest in internet businesses.


PartyGaming, the online poker and casino operator, on Wednesday appointed Dresdner Kleinwort Wasserstein and Investec to advise it on “strategic options”.

PartyGaming, formerly known as iGlobalMedia, owns Party-Poker.com, and has 5m registered users. It has been sounding out banks in London over a potential flotation that could be worth more than £2.3bn ($4.3bn).

Bankers who have seen the Gibraltar-based group's accounts say that it generated earnings before interest, tax, depreciation and amortisation of more than $350m in 2004.....

http://news.ft.com/cms/s/c9dfde86-6f...00e2511c8.html

Originally Posted by Randy

That's an IPO I'd be willing to get in on.

A year ago would have been perfect timing or a few months prior to next years WSOP - be interesting to see this happen though.

anyone watching NETELLER on the London Stock Exchange? It has gone from 150 to 450 in about 8 months.

Sportingbet has gone from 100 to 223 since acquiring Paradise Poker in the fall.