Sky Bet linked to IPO
Sky Bet could be set for an IPO in the near future after its majority owner hired investment bank Rothschild to lead the process.
According to the Reuters news agency, CVC, which acquired its stake from Sky Plc in December 2014, wants to take advantage of booming equity markets and the growing popularity of online gambling.
Reuters referred to sources who suggested the firm could be valued at between £2.5bn and £3bn (€3.4bn/$4.2bn).
Rothschild is reportedly to next week meet with banks that could be selected to arrange the flotation.
Private equity firm CVC and Rothschild have yet to comment on the reports.
CVC acquired William Hill for £825m in 1999 and led it through its flotation in 2002, when its value had increased to more than £1bn.
Sky Bet was valued at around £800m when CVC bought its majority stake just over three years ago.
Related article: CVC completes acquisition of majority Sky Bet stake