PokerStars Might Go PublicOfficial Announcement to Be Made Later This Week |
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PokerStars.com appears to be preparing to float its stock by the end of the year at a value that is likely to exceed $2 billion. The Sunday Times reported yesterday that PokerStars.com is in talks with several banks to work with them on the listing.
Isai Scheinberg and his family own 75 percent of PokerStars.com's shares, with the rest owned by employees, most of whom are based on the Isle of Man. PokerStars.com was founded in 1999.
An official company announcement is expected later this week. If it does float its shares, it will join PartyPoker.com, Empire Holdings, Inc., and 888.com as publicly traded online cardrooms.
PokerStars.com officials aren't commenting at this time.
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