party poker to have ipo??

kirisim · #1 01-27-2005, 03:49 PM

http://tinyurl.com/55p7r

PartyGaming is owned by a small group of investors, including Ruth Parasol, an American lawyer, and Anarag Dikshit, a software specialist from India.

ctv1116 · #2 01-27-2005, 04:53 PM

Even if it did, its unlikely to be in the US. Great for international investors though.

buzzbait · #3 01-27-2005, 06:09 PM

What would the advantage of this be for party? It doesn't seem like they would need a bunch more capital to grow into the other sectors of online gambling unless they were looking into acquisitions? What do people think would be the other areas of growth they would be looking into?

The4Aces · #4 01-27-2005, 06:19 PM

aquisitions of other sites i am guessing.

RollaJ · #5 01-27-2005, 06:30 PM

[ QUOTE ]
What would the advantage of this be for party?

[/ QUOTE ]

Theyd make a lot of money

Ritter · #6 01-27-2005, 06:43 PM

heh...

"Anarag Dikshit"

That's awesome

laserboy · #7 01-27-2005, 07:46 PM

There are two reasons for a company to IPO:

1) To raise needed capital to finance future growth.

2) To cash in on their equity at the peak of its market value at the expense of sucker investors.

I highly doubt that Party Poker is currently lacking in capital...

cracker69 · #8 01-28-2005, 03:22 AM

If I were the owners, I would do an IPO in a second. The thing is a cash cow. This poker fad will not last forever (not at the levels it is acheiving), the guys could take a decent portion (more than enough to live balla status for the rest of their life, and childrens, and childrens childrens lives.)

parttimepro · #9 01-28-2005, 01:15 PM

Yes, this is a way for the owners to cash out at the peak. Party poker is right now a profitable business, but it's hard to imagine it will see substantial growth (i.e. double or triple the number of players and amount of rake) that would justify the float size they mentioned in the article.

So it's not quite as bad as buying echeesegraters.com in 2000, and it won't necessarily tank in the near future, but there will probably be better market opportunities.

nongice626 · #10 02-03-2005, 09:14 PM

[ QUOTE ]
If I were the owners, I would do an IPO in a second. The thing is a cash cow. This poker fad will not last forever (not at the levels it is acheiving), the guys could take a decent portion (more than enough to live balla status for the rest of their life, and childrens, and childrens childrens lives.)

[/ QUOTE ]

why wont the poker fad continue? the internet is a big place. party has alot of money for advertising. gambling is addicting. i see no reason why party wont continue to grow. go hang out a collge campus. they love poker.