e-district in pre-float bonanza
Raises an extra £10m in run up to listing
Posted in Business, 1st March 2000 12:59 GMT
Free whitepaper – PowerEdge M610-M710 spec sheet
Two weeks ago, e-district.net, owner of the Leisure District Web site, told The Register it wanted to raise £15-20 million in an AIM float, capitalising it at more than £100 million.
We're not impressed with the leisuredistrict.net entertainment/community site, but hey, what do we know: yesterday, the 12-man outfit placed £29.3 million through an institutional placing prior to its AIM debut. This values the e-district.net at an astonishing £149.7 million. Dealing kicks off on 7 March. Then, we should see another big ramp.
The company, which claims to have "not spent a penny on advertising" for leisuredistrict, had one million active users and 100 million page impressions in January, according to e-district founder and CEO Steve Laitman. The Hendon-based venture made just £81,000 profit for the ten months to December 1999. ®
Related stories
Web TV propels e-district to financial stratosphere
What a difference a dot makes
Free whitepaper – SPECjbb2005 performance and power consumption on Dell, HP, and IBM blade servers

Enabling the Agile Data Center
Hosted CRM Can Be Your Secret Weapon to Success!
Market Primer: ERP Systems

Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter