Sky Bet readying for IPO

According to an exclusive Reuters report by Ben Martin and Dasha Afanasieva, Sky Bet majority owner CVC Capital Partners is preparing for an IPO with the hiring of investment bank Rothschild.

Unnamed sources revealed Rothschild is embarking on a banking institution selection process  for Sky Bet’s initial public offering (IPO) which would value the business at around GBP 3 Billion.

Our readers will recall CVC holds an 80 percent stake in Sky Bet, bought approximately three years ago, while the other 20 percent is still owned by pan-European broadcasting company Sky plc.

Read the full report here

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