Betfair unveils stock market plan

Online sports betting firm Betfair today fired the starting gun on a flotation expected to value the firm at around £1.5bn (€1.8bn).

Betfair unveils stock market plan
Tue, 21 Sep, 2010 - 09:39

Online sports betting firm Betfair today fired the starting gun on a flotation expected to value the firm at around £1.5bn (€1.8bn).

The planned listing on the London Stock Exchange will enable founders Ed Wray and Andrew Black to sell some of their holdings in the company. They launched the business 11 years ago and own a combined 24% stake in the firm.

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