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Pokerstars plans ₤1b IPO.
(From Israel Business Arena)
Byline: Tali Tsipori
The world's second-largest internet poker company is preparing to float on the London stock market before the end of this year with a value likely to exceed $2 billion (GBP1.1 billion), reports the Sunday Times.
The Sunday Times said that Pokerstars is understood to be in talks with a number of investment banks, including HSBC and Dresdner Kleinwort Wasserstein, about hiring them to work on the listing. Both banks are experienced in leading IPOs for online gaming companies. HSBC previously led the flotation for 888 Holding plc (LSE:888), the operator of the world's largest online casino, while …
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