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Online Gaming Software Firm Playtech Planning London IPO

Authored by Mark Hefflinger on February 21, 2006 - 6:46am.
London - Playtech, a British Virgin Islands-based maker of online gaming software, announced that it is planning an initial public offering on the London Stock Exchange's Alternative Investment Market (AIM). The company, which is controlled by Israeli entrepreneur Teddy Sagi, designs, develops and licenses software for Internet gaming companies like GoldenPalace.com and Empire Online. Playtech said it planned to sell about $300 million in shares, valuing the company at about $951 million. If the IPO goes according to plan, it will be the AIM's largest so far this year.
http://www.playtech.com
tags: Games | IPO | Software | Plan | London | Online |



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