Betfair heads for the FTSE 250 as float expected to hit top end of price range

first_imgTuesday 19 October 2010 7:40 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Tags: NULL KCS-content whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comcenter_img Betfair heads for the FTSE 250 as float expected to hit top end of price range Share BETFAIR’S £1.5bn float is expected to hit the top end of the firm’s price range, according to City figures.Sources close to the negotiations said the float is already oversubscribed by top institutional investors within its £11 to £14 price range.It is understood at least one major investor has increased its offer from £12.50 a share to £13.75 a share.Around 10 per cent of the stock will be floated in the IPO, with final pricing due to be announced on Friday. If it achieves the expected pricing, Betfair will crash straight into the FTSE 250 index.Betfair declined to comment.The gambling exchange was launched 10 years ago by Andrew Black, an ex-professional gambler, and former JP Morgan trader Edward Wray, who jointly own one quarter of the group. The company cuts out traditional bookmakers by matching individual gamblers.Meanwhile, Betfair’s punters have placed Wayne Rooney odds-on to leave Manchester United during the January transfer window following his acrimonious bust-up with manager Alex Ferguson. Show Comments ▼ whatsapplast_img