In an effort to raise $40 million to help fund the domestic and international rollout of the You Bet Network product, Youbet.com, Inc. is considering an underwritten public offering of its common stock.
Youbet.com, Inc. announced in 1998 the public release of the You Bet Network, an interactive online horseracing network which offers members the ability to watch and wager on a wide selection of coast-
to-coast thoroughbred and standard-bred horseracing. Members have 24 hour access to the network's features, including live racing from a choice of over 18 racetracks across the country, commingled track pools, live audio/video, up-to-the minute track information, real-time wagering information, and value-added handicapping products.
The company is also considering additional financing alternatives.