Bearing in mind that the stock was three times oversubscribed by institutional investors (they were the market yesterday) and went on at 116p it did very well according to a review late last night:
"Shares in PartyGaming surged to 130.5p to finish 13 per cent above its listing price of 116p, after it completed the biggest London flotation in five years.
"PartyGaming's market capitalisation was about 5.2bn last night, making the eight-year-old company larger than Marks & Spencer, British Airways and Boots by valuation. It is set to gain entry into the FTSE 100 in autumn."
Parasol, Dikshit et al did rather well out of it:
"Anurag Dikshit, its reclusive operations director, sold 365 million of shares, and has a stake worth 1.6 billion. Thirty eight year old Ruth Parasol, the brainchild behind the company, collected 189 million from selling shares and has a stake in the business worth 832 million. Vikrant Bhargava, PartyGaming's marketing director, sold 103 million of shares and has a stake worth 468 million.
"Richard Segal, the chief executive who sold 9 million of shares in the float and has options over a tranche worth 42 million, said investors had given the company's future a ringing endorsement."
Spear have you tried Charles Schwartz for purchasing - they're big online in the brokerage field and although based in the States do global deals.
Svenska
