Online poker rooms ever go public?

[punkass]

Just a quick question to a relative stock market newbie...

Will an online poker company ever go public for trading? I would doubt it since one of the reasons a company would go public is to raise capital, and since an online poker site doesn't need much after its initial start, it wouldn't make much sense.

But I wanted someone who knew what they were talking about say it.

[adios]

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Will an online poker company ever go public for trading?

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I think it has already happened but the company went belly up.

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I would doubt it since one of the reasons a company would go public is to raise capital, and since an online poker site doesn't need much after its initial start, it wouldn't make much sense.

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Another reason to go public is to have the market set a value for a company so that shares that insiders own can be sold. Bill Gates sells stock continuously, at least the last time I looked.

[playerfl]

another reason to go public is that the public will pay about 3 times what a single large cash buyer will pay for the same company in a private transaction.

[BradleyT]

CRYP is cryptologic.

[digdeep]

Going public would make the insiders of a company a lot of money. More money than you or I could imagine. The difficult thing then, is having to be accountable to shareholders, which is a pain in the rear, and many companies don't want to deal with it. They could easily do a reverse merger into an existing shell and trade on the bulletin board. I don't know how much interest there would be if they tried to IPO.

[midas]

Doubtful they could go public in the U.S. due to legal aspects but nothing would stop them from going public in other countries. They're all foreign companies.