Party Poker IPO
 

...was today in London (public one). Anyone know anything about this? Pence stands for cents I assume, as in a fraction of a pound (UK guys).

Anyway, was thinking about sinking a few grand of my poker winnings into this stock. Any gurus out there want to give me a reason why I shouldn't?

Lots of coverage
 

There's been a ton of press about it ...


The big fear is US regulators crack down, they (and all of us) are hosed. But that seems unlikely.

I don't see that happening. Too many loopholes in it. The "tables" are offshore.

I just withdrew $1K from Party, now going to wait for cheque from Neteller and buy 300 shares :D.

Edited to add: First time buyer, and boy am I excited.

Anybody have a copy of the prospectus??? I can't find one anywhere.

Geoff, it's not being offered to the public... it's only being offered to fund managers. So the only way you as an individual could invest at this point is through a fund that picks up the offer.

OK, I am completely dumb to this whole thing, but what does this article mean then?

I can't get to that article (firewall issue), but according to this London Times article it's only being offered to fund managers:

I'm fairly certain just about anyone can buy them.

I figure to sink about 2-3K in them, wait until the WSOP is over and televised, watch the immidiate blowup once again in their revenue, sell, and then re-buy sometime next year before the WSOP.

It would be an added bonus if one of their online qualifiers won the WSOP. One can only hope I guess.

There's an easy way to find out. Try to buy some.

I'm not on top of this and haven't read any articles yet, but if it's still in the IPO stages, you won't be able to get your hands on any shares yet... not until they hit the open market. And even then, where does one buy and shell shares that trade on the London Exchange? I honestly don't know.

I'm not a stock genius or anything, but I think there's usually a refractory period after the big jump of an IPO. Be careful with that much cash Geoff.

Usually for the initial IPO only a select few can buy in. You'll have to wait until this initial period is over to buy. Probably going to cost a lot more per share by the time it's available to the public.

If the experience of Google going public is any indication (I know totally different 'business'), knock yourself out. :D

Ya, google blew up. People are saying it is overvalued as of now but it is still on the up.