PickLive, a fantasy football company, announced its intention to pursue a listing on London's Alternative Investment Market (AIM).
The company plans to raise GBP 5 million placing a value of GBP 10 million on PickLive. The money will be used toward the development of a B2B product in partnership with betting operators or media companies that have a large following while also focusing on the B2C market.
“Picklive offers investors' access to a business with an early mover advantage in the UK," said David Galan, chief executive officer of Picklive. "In the US we have a strong partnership with Sportech, where we have recently launched our American football and baseball game.
"We believe that this is the opportune moment to seek a listing on Aim to accelerate the company's growth, drive Picklive's highly-scalable proprietary technology platform and develop global appeal.
"The group aims to be a global daily fantasy sports operator with a footprint in the UK, Europe, US, Africa and Asia."
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Comments (1)
Shumar4life
11/05/14, 01:11:06 PM
This could be interesting for players which one knows good situation in football clubs, and advantage is that we can choose only 5 players from 11. I can see a lot...
This could be interesting for players which one knows good situation in football clubs, and advantage is that we can choose only 5 players from 11. I can see a lot potentional in this business, and I can't wait to see this how would operate it in real time. I would like it to try that is for sure
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