Playtika has successfully raised just shy of $1.88 billion through its Initial Public Offering.
These shares begin trading on the Nasdaq Global Select Market today under the symbol PLTK with the offering due to close on Wednesday, January 20.
The sale consisted of 18.5 million shares of common stock from Playtika, while the other 51 million were sold by an existing stockholder. Playtika will not receive any of the proceeds from sales of the latter.
As previously reported, the proceeds Playtika raised will be used for a mix of general corporate expenses, the potential repayment of loans, and future investments and acquisitions.
Playtika s journey to an IPO began back in 2019, when China-based Giant Network Group gave up on acquiring the mobile firm after regulators prevented repeated attempts.