Party Poker IPO

[GeoffM]

...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?

[2Tone]

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.

[GeoffM]

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 .

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

[GeoffM]

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

[Reel Deal]

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.

[GeoffM]

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

[Reel Deal]

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

[GeoffM]

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.