SportPesa Denies Plans To Go Public

0 851

Get real time updates directly on you device, subscribe now.

Kenyan online sports betting firm SportPesa has denied plans to go public.

Chief Executive Ronald Karauri denied the IPO plans reported by news agency Bloomberg.

According to Bloomberg SportPesa which operates in Kenya and Britain, planned an initial public offering of its shares in the first quarter of 2019.

It cited unnamed sources.

Asked by Reuters if the company planned to go public, Karauri said “no”, without offering further comments.

A source in the market told Reuters there had been conversations between SportPesa and Nairobi-based Kestrel Capital on a potential transaction, but details of the talks or the sort of transaction envisaged were not available.

Andre DeSimon, the managing director of Kestrel, declined to comment when Reuters contacted him.

Did you enjoy this article?
Signup today and receive free updates straight in your inbox. We will never share or sell your email address.
I agree to have my personal information transfered to MailChimp ( more information )

Get real time updates directly on you device, subscribe now.


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More