With a vision of making the financial markets accessible to the man on the street, BetOnFinance has now launched The IPO Game, a new product where you guess the IPO settlement price to win.
The current subject of the IPO game is Nets, which has had a turbulent IPO period. Not only has it decreased its price range to 145-160, but it has brought its first day of trading forward four days to this Friday. Therefore, players have today to make a prediction on the opening price on the IPO Game.
The IPO Game made its debut on the Danish market in June, where players could bet on the largest European IPO this year, the energy provider DONG.
Jeff Saul, Founder and CEO of BetOnFinance, said: “Our players proved their skills by only missing the actual price with 0.85%. An accuracy any analyst or financial expert would envy. And with winner odds of 5.94, our players had a good, tax-free pay day.”
According to Saul, the main reason for the players’ motivation, lies in the fact that private investors, on the stock market miss out on the hot IPOs: “Almost every time there is a popular IPO, private investors end up being allocated a ridiculously small number of shares.
“It is therefore a particular pleasure to launch the IPO Game, making it possible for the private investor to at least take care of their own destiny in regards to whether they want to take part in the IPO action. And by the way, it’s a tax free profit.
“It will be exciting to see how players from a variety of countries perform versus each other, especially with an IPO like Nets. With large operations in all the Nordic countries, it will be interesting to see how the opinions on Nets’ worth from users from various countries differ.”
Following the BetOnFinance international launch in early September, the pools in the regular games have been doubled and Saul is not worried about small winnings: “We provide a pool guarantee of €1,500 but my bet is that the final pool will exceed that amount.”