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Parimatch is one of the most prominent bookmakers on the gambling market which has expanded to many counties. It is a constantly developing platform with a significant number of sports events and games to enjoy. That is why Parimatch is a promising field full of opportunities for various investors. Owing to the fact that legislation in Ukraine is becoming more and more favourable, the bookmaker company offers many prospects. Furthermore, the founders of Parimatch are constantly working on transforming the company into a contemporary digital operator. They do not want it to be a simple retail bookmaker but a real technology supplier. They want to develop Parimatch market of gambling gradually.
The betting company continues to look for different ways for development. Sergey Portnov, who is the beneficiary of Parimatch, said in an interview that they are considering the possibility of an IPO. This abbreviation stands for Initial Public offering which means that the company will enter the stock market and sell its shares to the public. Therefore, anyone can become the owner of the stocks. Parimatch wants to go to the next level in such a way.
Parimatch was established in 1994 in Kyiv and now its value is really huge. It is looking for expansion opportunities all the time in order to expand into new markets. When it comes to IPO, it is a great chance to boost the brand and attract new investments. Therefore, the IPO procedure will allow the bookmaker to attract large capital from various investors, which will allow the company to develop even more rapidly.
When it comes to the newly opened gambling market of Ukraine, it is really hard to survive for a company because of the high taxation. If put all the taxes together, it makes operating legally actually impossible. However, some progress in making the conditions more pleasant may be already visible. The president of the state wants to change the taxation policy which gives a little hope to the bookmakers. But still, it is not a quick and easy process. In fact, it takes time to change that. A substantial benefit of the whole situation is that the state is willing to cooperate with bookmaker companies comprising Parimatch. These companies are even ready to pay more in order to work transparently in the conditions of fair legislation.
If Parimatch decides to go public, then this process will last even up to a year. In addition, this event will lead to large financial investments. Unfortunately, there are risks of failure which are always present. That is why a considerable number of bookmaker companies do not dare to conduct an IPO because of an unstable business situation. They are simply afraid of losing great sums of money. However, a successful initial public offering process brings a company great success and popularity immediately. Therefore, all that remains is to observe the actions of Parimatch company. If it succeeds, then everyone will get a chance to become a shareholder of the bookmaker which sounds really appealing.
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