|32Red.com, the online casino group, will raise about £25m in new capital next month when it becomes the latest internet betting company to float in London as reported in the Independent.|
32Red.com is set to be worth £100m. 'We have come to the point where we can carry on growing organically or we can try to accelerate things. We decided we wanted to get out there and float,' CEO Ed Ware said.
Investor roadshows for the float will begin in the next two weeks, with the issue of new shares expected early next month.