Playtika eyes nearly US$10 bil valuation in US listing as gaming booms
BENGALURU (Jan 7): Playtika Holding Corp is looking to raise as much as US$1.67 billion in its US initial public offering, giving it a valuation of nearly US$10 billion, as it tries to cash in on demand for mobile-gaming during the ongoing Covid-19 pandemic. The Israel-based company, owned by a Chinese investor group, is planning to sell 69.5 million shares priced at between US$22 and US$24 apiece, it said on Thursday. The IPO will follow a bumper year for listings in the United States and coincides with strict lockdowns across the globe, which has been driving demand for video games as peo...
Source: theedgemarkets.com