Playtika has applied for an IPO

The developer of social casinos Playtika officially enters the stock exchange. Details about the number and value of shares have not yet been disclosed.

According to VentureBeat, the company filed an application on Form S-1 with the U.S. Securities and Exchange Commission on December 9. But only last Friday this text appeared online.

There are still few details about the upcoming IPO.

It is known that Playtika plans to enter the US Nasdaq Global Select Market under the ticker PLTK. Morgan Stanley, Credit Suisse, Citigroup, Goldman Sachs, UBS Investment Bank and BofA Securities are going to help her in this as bookrunners.

Information about the number of shares to be placed, their value, as well as the size of the future capitalization of Playtika is not disclosed in the statement.

It should be noted that for the 12 months ended September 30, 2020, Playtika’s revenue amounted to $2.3 billion, and its net profit reached $46.1 million. For comparison, the company’s revenue for the whole of 2019 was $1.9 billion, and its profit was $288.9 million.