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DoubleDown Interactive Files Amendment To Registration Statement With B. Riley Securities As .
DoubleDown Interactive Co., Ltd.July 7, 2021 GMT
SEATTLE and SEOUL, July 07, 2021 (GLOBE NEWSWIRE) DoubleDown Interactive Co., Ltd., organized under the laws of the Republic of Korea (the “Company”), a subsidiary of Korea-based DoubleU Games Co., Ltd., announced today that it has engaged B. Riley Securities, Inc. as the lead underwriter of its previously announced proposed U.S. initial public offering of its common shares in the form of American Depositary Shares (the “ADSs”). The ADSs have been approved for listing on the NASDAQ Stock Market (“NASDAQ”) under the symbol “DDI.” Macquarie Capital (USA) Inc. will remain as an active underwriter.
DoubleDown Interactive lays off 55 employees at Seattle office following delayed IPO
January 8, 2021 at 12:41 pm
Casual game maker DoubleDown Interactive this week laid off 55 employees at its Seattle office.
The company said the cuts mostly affected engineering and product development functions. They were made as DoubleDown moves development resources to its Seoul, South Korea headquarters location. The Seattle office serves as the company’s main U.S. engineering center and employed 149 people as of June 2020.
“DoubleDown’s Seattle office will remain an important location for the company continuing to be the primary site for player-facing activities such as channel marketing, paid user acquisition and retention, marketing art, and customer service as well as high-level app and game design and art,” Joe Sigrist, senior vice president and general manager at DoubleDown, said in a statement to GeekWire.