eft with almost 20% of the business, the duo are said to have sold million shares in the initial public offering. These shares are believed to be between us$ 21.9 million and us$ 26.6 million.
The bookmaking rivals abhor Betfair, but it still alleges to be European largest online sports betting operator with 2.5 million registered users. It is said to have shown an abrupt growth and popularity among punters as it provides them with better odds.
As much as us$ 313 million are said to have been raised through the vending of 155 of the company.
The firm is likely to be eligible for the inclusion in the FTSE 250 Index, as the opening valuation for the company has come out to be very close to the firm’s previously declared price range.
David Wilkinson, IPO leader at Ernst & Young in the UK said "Betfair could be just what the doctor ordered for the UK's IPO market, which badly needs a dose of confidence”.