May 2 (Reuters) - Games Global, the UK-based maker of
online casino-styled games, said on Thursday it was targeting up
to $2.13 billion in valuation in its initial public offering in
the United States.
The U.S. IPO market is on a rebound in 2024 after a two-year
dry spell amid firming hopes of a soft landing for the economy.
The company said that along with a selling shareholder, it
was looking to raise as much as $275.5 million through the sale
of 14.5 million shares at a price of $16 to $19 per share.
Games Global is offering nearly 6 million shares in the
IPO, while its shareholder is selling 8.5 million shares.
Founded in 2021, the firm develops and distributes
casino-style gaming content and offers over 1,300 exclusive
games.
Games Global will list on the New York Stock Exchange
under the symbol "GGL".
J.P.Morgan Securities, Jefferies, Macquarie Capital,
Barclays Capital and BTIG are among the underwriters for the
IPO.