Gambling.com Group to begin trading on Nasdaq
Company has announced its IPO.
Gambling.com Group has today announced the pricing of its initial public offering. Founded in 2006, the company operates 30 websites in 13 national markets with a focus on digital marketing solutions within the online gambling industry.
The company will offer 5,250,000 ordinary shares at a price of $8.00 each. Underwriters will also have a 30-day option to purchase an additional 787,500 ordinary shares from the group.
This announcement comes as the company begins trading on the Nasdaq Global Market, with trading beginning on July 23. Gambling.com will be under the ticker symbol GAMB, with the offering expected to close on July 27 if conditions are met.
Shares will be offered via a prospectus, a final copy of which will be attainable from Jefferies LLC, the company acting as lead book-running manager and representative of the underwriters.
Stifel, Nicolaus & Company, Incorporated and Trust Securities, Inc. will also serve as book-running managers for the offering.
Yesterday saw the US Securities and Exchange Commission confirm Gambling.com’s plans to begin trading publicly by declaring effective the company’s registration form.
The group has suggested it doesn’t expect to pay any dividends to shareholders in the near future. Instead, all earnings will be held to finance and grow the business.
In a statement given in early July, Gambling.com pointed to its growth in recent years, claiming its $10m increase in revenue between 2019 and 2020 is a key reason to begin trading publically.
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