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digibet operator United Game Tech completes Berlin IPO

3rd April 2017 8:22 am GMT

United Game Tech (UGT), owner of the Digibet gaming brand, has commenced trading on the Berlin Stock Exchange following its IPO on Friday.

UGT provides retail and online sports betting services under the Digibet and Bancobet brands in Germany, Austria and Belgium.

The company's shares debuted on the Berlin exchange on Friday at €2.50 per share, with chief executive and former Goldman Sachs banker Alexander Zucker describing the listing as a way to secure a long-term source of capital for strategic growth [...]

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