Parent company to a number of global gaming brands, Gambling.com Group announced its plan to begin trading publicly on the Nasdaq stock exchange.
Operating in the United States, UK, Ireland and Malta the Gambling.com Group allows users and consumers to compare online gambling services. The group encapsulates companies such as Gambling.com, Bookies.com and Great Lakes Stakes.
While the group is yet to announce the price for public trading, they have submitted an F-1 registration statement form to the SEC but the group was previously valued at $0.37 last December.
In a statement gambling.com group said: “Gambling.com Group Limited announced it has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission relating to a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The Group has applied to list its ordinary shares on the Nasdaq Stock Market under the ticker symbol GAMB. Jefferies LLC is acting as lead book-running manager and representative of the underwriters for the proposed offering. Stifel and Truist Securities, Inc. will also serve as book-running managers for the proposed offering.”
The groups gross revenue increased by almost $10m between 2019 and 2020, going from $19.3m to $28m. Gambling.com has pointed to this growth as a leading reason for their decision to begin trading publicly. They have also pointed to their global success as a key reason.
Should the Gambling.com Group succeed in their application, it would likely continue to expand their US presence. Currently, the group operates in New Jersey, Pennsylvania, West Virginia, Illinois, Indiana, Colorado and Tennessee.
