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Betfair planning share flotation

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Old 21-09-2010, 08:14 AM
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Default Betfair planning share flotation

Betfair, the online sports betting provider, has said it plans to list its shares on the London Stock Exchange.

The company, which is estimated to be worth ?1.5bn, was founded 10 years ago.

It says since then it has grown into the world's largest business of its kind.

Betfair has three million customers and pioneered person-to-person betting, where punters bet against each other rather than the bookmaker on a range of sports.



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