Mobile gaming company Playtika announced its first initial public offering today.
According to the statement shared on GlobeNewswire, there are 69.5 million shares at a price range between $22 and $24. The offering consists of 21,7 million shares of common stock offered by Playtika and 47,8 million shares of common stock to be sold by an existing stockholder (the “Selling Stockholder”)
The firm will not receive any proceeds from the sale to be provided by the existing stockholder.
Probably, Playtika will use the proceeds generated from the IPO for various corporate purposes such as expenditures, expenses, working capital and possible repayments.
Moreover, the company may use the funds for future investment or acquisition opportunities.
In addition to the company’s headquarters in Israel, it has 19 offices in el-Aviv, London, Berlin, Vienna, Helsinki, Montreal, Chicago, Las Vegas, Santa Monica, Newport Beach, Sydney, Kiev, Bucharest, Minsk, Dnepr and Vinnytsia and it has more than 3,700 employees.
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