J. David Wargo Article Archive

J. David Wargo has contributed one article published on the iGaming News site.

Editorial: Dotcom Bubble or i-Gaming Bull Market? (27 June 2005)
On June 2nd PartyGaming plc, the world’s biggest online poker company, said it would offer up to 23% of its shares in an initial public offering (IPO) on the London Stock Exchange. The issue was tentatively priced on June 15th at 111 pence to 127 pence; the mid point of this range would value the company at £4.76 billion. Earlier estimates were higher. In early June CNN News put the deal’s size at about $1.8 billion, valuing PartyGaming at $7.8 billion; some analysts said PartyGaming would be worth $8 billion to $10 billion, or £4.4 billion to £5.5 billion.