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[BENGALURU] Mobile gaming company Playtika Holding Corp on Thursday sold shares in its US initial public offering above its target range at US$27 each, a person familiar with the matter said. Read more at The Business Times.
Playtika, the Israeli mobile gaming company, updated a Form S-1 filing with the Securities and Exchange Commission (SEC) today. The filing said it plans to sell $1.6 billion worth of equity in a US initial public offering (IPO) valuing the firm at $8.6 billion to $9.4 billion.
Inside Playtika’s Israel headquarters. The company could be worth up to $9.4 billion in a US IPO. (Image: Haaretz)
Prior speculation indicated Playtika was eyeing a $1 billion IPO that valued the company at $10 billion. Founded in 2010 by Robert Antokol and Uri Shahak, the gaming enterprise will list on the Nasdaq under the ticker “PLTK.”
We are selling 21,700,000 shares of our common stock, and the selling stockholder, Playtika Holding UK II Limited, or Playtika Holding UK, is selling 47,800,000 shares of our common stock,” according to the SEC filing.