TradingSports Goes to the Stock Exchange Market

In the United Kingdom, according to the UK Times: "A company offering the technology which makes possible person-to-person betting exchanges over the internet, as to defy the economic gloom is looking to raise between £3 million (US$4.7 million) and £4 million (US$6.2 million) for expansion, on the stock market exchange."

"TradingSports, which is on the market for three years, and founded by Joe Tighe, a former director of government bond options at Garban Europe, is planning to announce today its plans to raise the capital it needs through an institutional placing on the Alternative Investment Market that will value the business at between £12 million (US$18.87 million) and £14 million (US$22 million)."

"Mr Tighe declared that he was confident TradingSports would attract small-cap funds to become shareholders in the placing."