Thursday, September 29, 2005

888.com Valued at $1.08bn

Online casino giant, 888.com -or Cassava - finally floated today, albeit at the lower end of their valuation prediction.

The float makes 888 worth just over $1bn. Not quite as big as expected, and nowhere near PartyPoker, but still pretty large. The price was set at £1.75 per share.

So thats 3 down in recent weeks, albeit with the slight blip of 32Red's shaky floatation last week in which it did float, but not with any fundraising.
It'll be interesting to see how many more come to market in the coming months


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