Online Casino Group Brings Top Banking Firms to Aid IPO
It’s been at least a few weeks since we heard about an online casino firm planning its IPO, and now news comes from one of the largest online casino groups. Rumors are speculating that the online gambling group, Poker Stars, is close to appointing HSBC as an advisor to its massive GBP 1.6 billion London stock market flotation. The online casino group is one of the most successful and well-recognized players in the online gambling industry, and will need counseling from the best financial companies.
According to business and financial media, the online casino group will give HSBC full responsibility over global coordination of its future market listing. Poker Stars has millions of registered users playing at their online casino sites, and its future IPO will have significant impact over the online gambling industry. The online casino company wants their IPO to go exactly as planed and HSBC will make sure that is exactly what happens.
Poker Stars will also bring Dresdner Kleinwort Wasserstein to support the online casino operator’s market listing. Both business companies have extensive experience of floating internet gambling firms on the London Stock exchange, with online casino operators such as Party Gaming and 888 using their skills for IPO assistance. IPO are considered as major business step for the online casino companies. Aside from promoting their business, having their stocks available for public trade on London’s Stock Market shows players that they are trustworthy and that their online gambling sites are safe places to gamble at.