Playtika launches its IPO valued at approximately $1.6b
Mobile publisher Playtika has launched its initial public offering of 69.5 million shares at an estimated price between $22 and $24 per share, looking to raise up to $1.67 billion for a total valuation of $10 billion. According to Seeking Alpha, proceeds from the IPO will be used for general corporate expenses, as well as potential repayment of loans under Term Loan. Additionally, Playtika is considering using some proceeds for future acquisitions and investments. In its most recent recorded quarter, Playtika saw 10.9 million average daily active users across a portfolio that includes titles ...
Source: gamesindustry.biz