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Online Gaming Outfit 888 Holdings IPO Valued at £700m
Online Gaming Outfit 888 Holdings IPO Valued at £700m
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Online Gaming Outfit 888 Holdings IPO Valued at £700m
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09-02-2005, 09:46 AM,
 Post: #1 |
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Online Gaming Outfit 888 Holdings IPO Valued at £700m
Online gaming company 888 Holdings plc announced plans to float on the London Stock Exchange (LSE) in an IPO that values it at £700m. 888 reported 2004 revenues of $178 million and profits of $41 million. The company has 790 employees
The news follows the wildly successful June float on the LSE of rival online gambling operator PartyGaming which valued it at £4.64bn copy of the regulatory filing: http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1060575&source=RNS We're definitely in the wrong online business if we want to become stinking rich 
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09-02-2005, 05:38 PM,
Post: #2 |
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Re: Online Gaming Outfit 888 Holdings IPO Valued at £700m
888 has over 20 million users and 790 employees? :blinkie: ...and PartyGaming has a larger market cap than British Airways? :blinkie: I didn't realize that online gambling had gotten that big.
Mandy Wrote:We're definitely in the wrong online business if we want to become stinking rich ...and how many years did it take you to figure that one out? :twistedevil:
"Well, Jay was so giddy that someone named Jay was involved with this site we posted our first non-eBay listing in 3 years here at Lunarbid (we tried two items at Yahoo once upon a time, they bombed)" -Marie posting in a LunarBid thread at OTWA in 2005 wins the award for 'most moronic reason ever given for choosing a venue"
"thanks twat u must have nothing better 2 do. do u talk to all your members like that. will not be recomending your site. best way to put it is TULIPTOOLS.COM IS REALLY SHIT. DONT JOIN." -pubescent owner of rinky dink off2auction.com in 2011 |
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09-07-2005, 08:50 PM,
Post: #3 |
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Re: Online Gaming Outfit 888 Holdings IPO Valued at £700m
Speaking of PartyGaming, its shares plunged 33% this week after it reduced growth estimates...that is a loss of about $3.4 billion in market capitalization.
They still managed to generate revenues of over $430 million in the 1st 6 months this year. :blinkie: ...make that a double shocked smilie :blinkie: :blinkie: that people spend that much playing online poker. http://news.independent.co.uk/business/n...310837.ece
"Well, Jay was so giddy that someone named Jay was involved with this site we posted our first non-eBay listing in 3 years here at Lunarbid (we tried two items at Yahoo once upon a time, they bombed)" -Marie posting in a LunarBid thread at OTWA in 2005 wins the award for 'most moronic reason ever given for choosing a venue"
"thanks twat u must have nothing better 2 do. do u talk to all your members like that. will not be recomending your site. best way to put it is TULIPTOOLS.COM IS REALLY SHIT. DONT JOIN." -pubescent owner of rinky dink off2auction.com in 2011 |
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10-03-2005, 07:07 PM,
Post: #4 |
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Re: Online Gaming Outfit 888 Holdings IPO Valued at £700m
The shares opened for their first day of trading on 29/9/2005:
Quote:Shares in 888 began trading this morning following the IPO of the online casino. The share price was set at 175p valuing the gambling operation at £590m ($1.04bn). http://www.theregister.com/2005/09/29/poker_trading/ |
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