Estonian IPO

Come November there could be a $1 billion IPO of an Estonian company, Playtech.  Similar to Skype, they are a global tech company with development based in Estonia.  Playtech is an internet gambling service provider, so there will be less to celebrate than last week.  But it is another validation of the international startup model.

According to unofficial information the key owners of the Cyprus-registered holding are 2 Israelis and 1 Estonian.  Maybe the 200 developers in Tartu (second largest city in Estonia, a college town) get to visit the casinos in the Carribean for winter break.