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Playtika Holding, the biggest IPO so far in 2021, went public Friday after pricing its offering above the level it had told investors to expect. Driven Brands also listed as well.
Shares of Playtika (ticker: PLTK) opened at $33.40 and hit a high of $36.06. The stock closed Friday at $31.62, up 17.1%.
The solid showing came after Playtika,.
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Playtika, 2021’s Biggest IPO So Far, Rises Nearly 17%
Playtika Holding, the biggest IPO so far in 2021, went public Friday after pricing its offering above the level it had told investors to expect.
From
Mobile-Game Maker Playtika Jumps in U.S. After Israel-Record IPO
Crystal Tse and Ivan Levingston, Bloomberg News
(Bloomberg) Playtika Holding Corp., a mobile-games company, opened up 24% higher in its trading debut after raising $1.88 billion in an initial public offering.
Shares were up 21% at $32.27 at 1:03 p.m. in New York trading Friday, giving the company a market value of about $13.6 billion.
The Israel-based company and its main owner, a China-based investor, earlier sold 69.5 million shares Thursday for $27 apiece. Playtika had marketed the shares for $22 to $24.
Itâs the largest ever IPO for an Israel-based company, according to data compiled by Bloomberg.
Mobile Game Maker Playtika Files for IPO With Growing Revenue
Dec 20 2020, 10:57 PM
December 19 2020, 4:48 AM
December 20 2020, 10:57 PM
(Bloomberg) Playtika Holding Corp. filed for an initial public offering, disclosing shrinking profit on increased revenue this year.
(Bloomberg) Playtika Holding Corp. filed for an initial public offering, disclosing shrinking profit on increased revenue this year.
The Israel-based company in its filing Friday with the U.S. Securities and Exchange Commission listed the size of the offering as $100 million, a placeholder that will likely change.
The company had net income of $16 million on revenue of $1.8 billion for the nine months ended Sept. 30, according to the filing. That compared with net income of $259 million on revenue of $1.4 billion in revenue during the same period last year.