LONDON (Reuters) – Sky Bets majority owner CVC has hired investment bank Rothschild to examine a stock market listing of the British firm, seeking to take advantage of booming equity markets and the growing popularity of online gambling.
A flotation could value the Leeds-based business, which is led by Chief Executive Richard Flint, at between 2.5 billion pounds and 3 billion pounds ($4.2 billion) including debt, two people familiar with the process told Reuters.
Rothschild is organizing a so-called beauty contest next week to choose the banks to arrange the initial public offering (IPO), one of the sources said.
Private equity firm CVC declined to comment, while Rothschild did not immediately respond to a request for comment. …
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