UK's online gambling site, Betfair, could launch $2.5 billion IPO

08/25/2009 | MarketWatch

Betfair may launch a $2.5 billion IPO as the first major British company to go public since the worldwide financial crisis began. In contrast to a traditional bookmaker, Betfair allows customers to bet against each other rather than the house on the outcomes of sporting events. Bertie Black and Ed Wray, founders of the Web site, plan to meet with banking advisers in the coming weeks, according to this article, which quotes the Sunday Telegraph in London.

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