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888 Holdings Plans $500 Million IPO

24 Aug 2005

UNITED KINGDOM – As reported by Bloomberg: "888 Holdings Plc, the world's largest internet casino operator, plans to sell stock worth more than $500 million in an initial public offering as the shares of rival betting companies surge, said people familiar with the situation.

"The IPO, which is scheduled take place by early October, will probably value the casino and poker gaming company at about $1.3 billion, said the people, who declined to be identified.

"…HSBC Holdings Plc will manage 888's IPO, said a spokeswoman for 888 who asked not to be identified…"

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