Betfair sets range

06 Oct 2010

Betfair launched a London initial public offer on Thursday in a deal that values the online betting exchange at between £1.16bn and £1.48bn, enough to make it eligible for inclusion in the FTSE 250 index.

At least 10% of the firm is being sold but the firm will not know exactly how many of its existing shareholders will sell in the offer until October 15.

Goldman Sachs and Morgan Stanley are joint sponsors and joint bookrunners. Barclays Capital and Numis Securities are co-lead ...

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