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Games Global targets up to $2.1 bln valuation in US IPO
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Games Global targets up to $2.1 bln valuation in US IPO
May 2, 2024 3:03 PM

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.

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