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5050 Poker sees shares slump following IPO

19th September 2011 9:10 am GMT

Shares in Sweden’s 5050 Poker Holding AB have slumped nearly 60 per cent since the company began trading its shares on the Nasdaq OMX First North last Wednesday, following an oversubscribed IPO in Stockholm.

5050 Poker began trading on Nasdaq OMX First North last Wednesday at SEK6.05 per share, with 2,083,333 shares in issue. Shares have since slumped to a low of SEK1.55 per share before recovering to the current price of SEK2.45 per share, valuing the [...]

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