Games Global Plans $100 Million IPO to Expand Their Offerings
Games Global announced plans for an initial public offering (IPO) aiming to raise to $100 million. The Douglas, Isle of Man-based company has filed with the SEC to list on the New York Stock Exchange under the symbol GGL.
Diverse Gaming Portfolio and Growth
Founded in 2021, Games Global has quickly made a mark in the online gaming industry, boasting a diverse portfolio developed by 40 in-house and partnered studios.
Over the past 20 years, these studios have created more than 1,300 games, encompassing a wide range of genres including slot games, table games, video poker, video bingo, game show games, crash games, and live casino games.
For the 12 months ending December 31, 2023, Games Global reported revenue of $381 million. The IPO is part of the company’s strategy to further boost its development capabilities and expand its global reach in the business-to-business (B2B) online gaming sector.
IPO Details and Future Prospects
While the pricing terms for the IPO have not yet been disclosed, the offering is being managed by several financial institutions including J.P. Morgan, Jefferies, Macquarie Capital, and Barclays.
This move is anticipated to attract significant interest from investors keen on the digital entertainment and online gambling industries, which have seen expansive growth in recent years.
The funds raised from the IPO are expected to be used to fuel further growth initiatives, expand its game offerings, and consolidate its position as a leader in the global online casino game market.
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