Nabarro advises Cenkos Securities on £92.9m online gaming IPO
Nabarro has advised Cenkos Securities on the AIM initial public offering (IPO) of XLMedia, which is expected to raise £41.8m and lead to a market capitalisation of £92.9m. XLMedia is a global digital publisher and marketing company for online gaming operators, with customers such as Betson, Mr Green, 888.com, Bet365, Ladbrokes and William Hill.
Believed to be one of the largest traffic providers to the online gambling industry, XLMedia controls more than 2,000 websites providing content in 17 languages and has a strong presence in the Scandinavian market.
This latest IPO in the online gaming market draws on Nabarro’s experience in the space over the last decade. This includes the IPOs of Empire Online and Fire One as well as Sportingbet’s £343m move to the main market.
Nabarro also advised Sportingbet on various equity and bond issues and its complex £485m recommended takeover by William Hill and GVC.
The Nabarro team on the XLMedia IPO was led by corporate partner Alasdair Steele, alongside corporate associates Gordon Anton and Rhian Ravenscroft.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
How might future UK infrastructure investment decisions be influenced by Crossrail?
At 08:45 on 24 July, after eight years of planning, sports at the Glasgow 2014 Commonwealth Games kicked off with lawn bowls.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem