This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 10 °C Saturday 22 February, 2020
Advertisement

And now, presenting Ireland's largest financial stock: Paddy Power

The stock market value of the bookie is now larger than that of any of the main Irish banks.

Reproduced with permission from Business Insider.

It’s Paddy Power, Ireland’s largest online betting site.

Yesterday, Reuters’ Peter Thal Larsen made the observation that with a €1.4 billion market capitalisation, it was officially Ireland’s biggest financial, though at the time it appeared that the Bank of Ireland might still be valued slightly higher.

However now it’s clear, as Irish bank stocks are getting crushed on nationalisation talks.

Allied Irish is down 15% right now, and has a market cap of €302 million, according to Bloomberg. Bank of Ireland is down about the same, and has a market cap of €1.35 billion.

That a gambling site is Ireland’s biggest financial is obviously perfect.

Reproduced with permission from BusinessInsider.com.

  • Share on Facebook
  • Email this article
  •  

About the author:

Gavan Reilly

Read next:

COMMENTS