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Betfair IPO values business at up to £1.48bn

7th October 2010 7:55 am GMT

Online betting exchange operator Betfair has released an indicative price range for its shares ahead of its proposed listing on the London Stock Exchange, valuing the business at  between £1.16bn and £1.48bn.

Betfair said Thursday that the indicative price range of the offer has been set at between £11.00 and £14.00 per share, which if achieved would qualify the company for inclusion in the FTSE250 Index alongside fellow online operators PartyGaming and recent addition Sportingbet.

The company [...]

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