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Shares trade IRAP of exchanged conditionally on the grey market until Wednesday, when the share certificates will be available and treat official begins.

Betfair shares were offered to ￡ 13 yesterday morning, valorisation Betfair with ￡ 1. 39bn, but ended the day more than 1550 ￡ 250 p.

While most large shareholders of Betfair, including founder Edward Wray and Andrew Black, who had developed 10pc of their stock in the lost float outside of these gains, makes the value of their much higher remaining issues.

The company says that the main objective of its stock list is not to raise new funds but to give him a currency to make redemptions of shares and allow it to gain more credibility in foreign markets where the mark is unknown.

However, owners of Betfair triggered 211 m ￡ in the IPOs of yesterday. Mr. Wray means making ￡ 18. 9 m and Mr. Black ￡ 16.6 m of flotation, if an overallotment option is exercised aussi.Ils will then have 10 7pc piles and 10 2pc respectively.

"Betfair may be just what the doctor ordered for market of United Kingdom, which badly need a dose of confidence, said David Wilkinson, head of the Agency to Ernst & Young at the United Kingdom."Companies looking to float pipeline remains strong, but many British companies are retaining until reduce volatility and improve évaluations.La mounted Pope, everyone waits is unlikely to appear in the middle of the year 2011 and 2012.?

Betfair is also a blow of Goldman Sachs, who acted as a sponsor joint with Morgan Stanley.Goldman put on the market in July, in a tank that further than once the offer price strikethrough to 180 p.Ensuite Ocado IPO shares fell 7pc on their first day of trading and are now at 137.2 p.

Floats that were completely this year include the string mode New Look, Merlin Entertainments, the owner of Alton Towers and Travelport.

"Betfair is a rare moment in what should be an otherwise quiet end 2010 for the IPOs in UK, brilliant", said Mr. Wilkinson Ernst & Young.

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