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Sportal bags $50m for Asia/Europe roll-out

IPO around the corner

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Can't be too long now before an IPO rears its beautiful head for Sportal, capitalised at $170m, after raising $50m in its latest fund raising round.

The British-based sports content portal will spend the money on European and Asian roll-outs, as well as beefing up its sales and marketing operations.

The roll-call of investors include existing institutional shareholders Andell Ltd., Global Retail Partners (GRP), 3i and Nomura plus new investors including Europ@web, J.H. Whitney, Hikari Tsushin, Texas Pacific Group executives and Zebec. ®

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