Partygaming PLC: 11% increase for First Day of Trading
Filed in archive Poker by jo on June 27, 2005

The offer price opened on the London Stock Exchange at 116p - at the lower end of the expected range, and finished 11% up at 129p. This values the company at almost $8.5bn and will most likely fast track the company to the FTSE
100The company floated 20% of the company, with the 4 founders retaining approxinamtely 74% and 5% towards employee schemes.
Partypoker is the market leader with 55% of the online poker market, but some analysts are concerned that 80% of their revenues are derived in the US, where the online gambling law is still uncertain
- PartyGaming Makes Good Start in Debut- Partygaming shares rise on debut
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