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Empire Poker Float

, 2005-06-15, by TwoGun

Thanks to the poker boom, companies that own online poker rooms are becoming larger and more well-known. Some are exploring the option of becoming publicly traded companies, in order to raise money for expansion and to provide liquidity for their owners.

Today, Empire Online, who owns Empire Poker, officially began trading on the London Stock Exchange. Shares of Empire Online were floated at 175p. Empire made 70.6 million shares available on the market, which raised 123.5 million pounds for the company. The stock immedietly jumped as trading began but ended the session down slightly.

Party Poker is expected to float their stock later this month.

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