|The rise of online betting exchanges has coincided nicely with the renewed appetite for Internet IPOs in London, with The Gaming Bourse the latest listing candidate for a place on London’s Aim market. The Gaming Bourse will operate an online betting exchange at www.punt2punt.com, as well offering fixed odds betting, with bets offered on sports, financials, commodities, media and politics.|
The float is the first of the current crop of significant UK IPOs to be open to retail investors (i.e., regular Joes, rather than institutional investors such as Morgan Stanley’s and Goldman Sachs). And gaming Bourse is offering free bets of up to 10% of the investors stake – now that’s a real signup bonus. Punt2punt.com is scheduled to launch in June.
Gaming Bourse’s broker, Seymour Pierce, hopes to generate up to £5m ($ m) from the flotation.
Hamish Raw, who worked in the City as an options trader before founding FfastFill, an electronic trading software firm, is a founder of The Gaming Bourse.