Rumors have surfaced that online poker company Party Poker will delay plans to float on the London Stock Exchange. Party Poker's much anticipated float was expected to occur within the next month or two, but now a number of industry insiders suspect that the float will not take place until at least late summer.
The postponement of Party Poker's public offering will likely be felt by the London exchange, considering that at £3 billion, it constitutes this year's weightiest flotation. Sources for Party Poker, however, have denied any delay, adding that the flotation was just one of the options under consideration, as part of a planned "strategic review."
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