Games Global Hopes IPO Will Attract $232M

Games Global recently made headlines with its decision to list its ordinary shares on the New York Stock Exchange (NYSE). The online casino games provider is now setting the stage for a significant initial public offering (IPO) aimed at raising a minimum of $232 million.

The front of the New York Stock Exchange in New York. (Source: Getty Images)

Listen to this news articleLISTEN TO THIS ARTICLE:

The proposed IPO price range, according to a press release, is set from $16 to $19 per share. The offering consists of 14.5 million ordinary shares, with Games Global offering 6 million shares and the remaining being sold by an existing shareholder. The underwriters have also been granted a 30-day option to purchase up to another 2,175,000 ordinary shares at the IPO price, minus underwriting discounts and commissions.

Related: Boldplay Partners with Games Global to Boost International Footprint

J.P. Morgan, Jefferies and Macquarie Capital have taken on roles as joint lead book-running managers in the IPO. This strategic move is expected to bolster the market's confidence in the offering, given their established reputations in guiding successful IPOs. Barclays and BTIG, serving as book-running managers, complement the team of financial experts.

The capital raised from this IPO is expected to bolster Games Global's position as a leading developer, distributor and marketer of innovative online casino-style gaming content and integrated business-to-business solutions. The company will trade on the NYSE under the ticker GGL.

More Business News

In Constant Growth Mode

Games Global's portfolio is impressive, boasting over 1,300 exclusive games from a network of more than 50 studio partners. These partnerships have been instrumental in its rapid ascent within the iGaming sector.

The company's offerings are not limited to traditional casino games; they also include a record-breaking progressive jackpot network, which has been a game-changer for both the company and its partners. Its approach to iGaming content is revolutionary, providing operators with the tools to create a customized gaming lobby that caters to the diverse preferences of players around the world.

Among the notable partners of Games Global is Betsson Group, a titan in the online gaming industry. This strategic partnership has enabled Games Global to introduce select live casino experiences to its vast portfolio, further diversifying its offerings and enhancing the player experience.

In addition, OnAir Entertainment, Games Global's select studio for live casino and game shows, has been pivotal in this collaboration, producing popular titles and unique game shows like Travel Fever. This partnership exemplifies Games Global's commitment to delivering high-quality products and advancing live gaming offerings, setting new standards for industry collaboration and support.


Leave a Comment

user avatar
My Name United States of America
Your Comment

User Comments

Comments for Games Global Hopes IPO Will Attract $232M