Picklive To Float On Aim

Looking to raise GBP 5 million from IPO

Fantasy football firm PickLive announced its plan to pursue a listing on London's Alternative Investment Market (AIM) today.

The company said it plans to raise GBP 5 million effectively valuing PickLive at GBP 10 Million. It will look to utilise the funds for the development of a B2B offer in which it would partner with betting operators or media partners who already have a large scale audience while also focusing on the B2C sector by ramping up marketing spend to attract new players to its existing brand.

"Picklive offers investors' access to a business with an early mover advantage in the UK," said David Galan, chief executive officer of Picklive. "In the US we have a strong partnership with Sportech, where we have recently launched our American football and baseball game.

"We believe that this is the opportune moment to seek a listing on Aim to accelerate the company's growth, drive Picklive's highly-scalable proprietary technology platform and develop global appeal.

"The group aims to be a global daily fantasy sports operator with a footprint in the UK, Europe, US, Africa and Asia."

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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