Wednesday, February 02, 2005


Party Poker IPO in the Works - PartyPoker Initial Public Offering

Party Poker announced on January 27 that they're thinking about an IPO. The parent company of PartyPoker is a company called PartyGaming, formerly iGlobalMedia, and they're planning to prepare the initial public offering on the London Stock Exchange. This is an exciting announcement. When Sporting Bet bought Paradise Poker last year, its price went from $100 to over $200 in three months.

Speculation has it that if and when Party Poker goes public, the company will be one of the 100 largest companies on the London Stock Exchange, and that it will potentially be valued at between $2 and $10 billion. Party Poker was founded in part by Ruth Parasol, a colorful California lawyer who had made a fortune in porn websites before ever getting involved in the online poker industry. The other founder was an Indian computer expert named Anurag Dikshit. These two eventually partnered with Russ de Leon and Vikrant Bhargava. PartyGaming now employees over 1000 people, most of whom are based in India.

Party Poker also owns Starluck Casino and Party Bingo, but those two websites make up a tiny percentage of the company's earnings.

Please check out Party Poker for yourself using one of the following bonus codes:

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