Games Global, an online gambling developer, is gearing up for its initial public offering (IPO) on the New York Stock Exchange (NYSE) with plans to reach a valuation of $2.13 billion. The company intends to offer 14.5 million shares of common stock at a price range of $16 to $19 per share.
Proceeds from the IPO will be allocated towards bolstering Games Global's research and development efforts, expanding its sales and marketing operations, and supporting its entry into new markets. Additionally, the funds will be utilized to enhance the company's technical infrastructure to further strengthen its position in the online gambling industry.
Games Global's decision to pursue a US listing follows its move away from the London markets, underscoring its strategic focus on expanding its presence and investor base in the dynamic American market.
