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April 18th 2006
PokerStars readies itself for stock market flotation
The second biggest online poker room in the world is preparing to float on the London Stock Exchange, according to The Sunday Times.

PokerStars.com announced towards the end of last year that it intended to go public, but was not clear about when it would happen. Now reports from inside the industry appear to show that PokerStars is setting the wheels in motion for its floatation.

According to The Sunday Times PokerStars is now in talks with several investment banks about hiring advisors for the Initial Public Offering (IPO).

PokerStars intends to float for approximately $2 billion.

Submitted: 18/04/2006 11:34:57

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