IPO launch announced by Games Global

The supplier bucks recent gaming of trend of going from public to private.

Games Global has announced its launch of the roadshow for its initial public offering (IPO) of 14.5 million ordinary shares.

Six million shares offered by Games Global and 8.5 million shares to be sold by Game Global’s existing shareholders make up the offering. Games Global is not set to receive any profit made from shares sold by the existing shareholder. 

The underwriters will have a 30-day option to purchase up to an additional 2.175 million ordinary shares from the existing shareholder at the IPO price, expected to be set between $16.00 and $19.00 per share.

Games Global has applied to list its ordinary shares on the New York Stock Exchange under the symbol “GGL.”

Games Global is hoping to raise as much as $275.5m through the sale and is looking for a valuation of up to $2.13bn in its US IPO.

The supplier filed its registration statement for a proposed IPO in mid-April, when it was also announced the offering will be made through a prospectus, which will provide potential investors with detailed information about the company and the offer being put forward.

Games Global works to create iGaming content and grow a studio network to create solutions for gaming operators.

Its 40 in-house and partnered studios have developed more than 1,300 proprietary games over the past 20 years including slot games, table games, video poker and live casino games.

Kirk Geller

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