PartyGaming IPO....

Toddster18 · #1 06-16-2005, 04:20 PM

Hi Guys-

As i'm sure most of you are aware, PartyGaming is floating an IPO in 10 days at the London Stock Exchange.

My question: How many of you guys have any interest in investing? The thought seems interesting to me.

Anyone have any thoughts/comments/interest in this subject?

-Todd

smb394 · #2 06-16-2005, 04:29 PM

I'd love to short this thing.

Toddster18 · #3 06-16-2005, 04:44 PM

[ QUOTE ]
I'd love to short this thing.

[/ QUOTE ]

Ouch. Why?

Punker · #4 06-16-2005, 04:47 PM

The web site partygaming.com clearly states that US and Canadian investors are not permitted.

playersare · #5 06-16-2005, 04:51 PM

it'll be tough to get stocks listed only on the London exchange here in the U.S. without ADR's available (investing in Neteller was a similar problem). you'll either have to find a way to set up a brokerage account over in the UK, or try your luck with the OTC/pink sheets.

Scuba Chuck · #6 06-16-2005, 04:54 PM

[ QUOTE ]
I'd love to short this thing.

[/ QUOTE ]

By US securities standards, you cannot short it for at least 25 days following the IPO.

BradleyT · #7 06-16-2005, 06:28 PM

[ QUOTE ]
I'd love to short this thing.

[/ QUOTE ]

Why would you short it? It will be opening at 12-13 times earnings. That's a freaking bargain and a half.

GrannyMae · #8 06-16-2005, 07:33 PM

Anyone have any thoughts/comments/interest in this subject?

brilliant to do this during wsop. bet that will help push the ipo price higher than if they did it at some obscure time.