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Continent 8 Technologies shelves IPO plans

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Volatility in online gambling stocks in London, amid fears of a US online gambling crackdown, forced the company which provides hosting services to online gaming sites to postpone its initial public offering until the fall. “Due to the market conditions, the investors pulled back,” said Michael Tobin, CEO of Continent 8. “We fully intend to see how the markets change by the autumn and look at doing the IPO then.”

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