Playtika finalises pricing for initial public offering
| By Robin Harrison
Social gaming giant Playtika has confirmed that its initial public offering (IPO) will see 69,500,000 shares sold to the public at a price of $27.00 per share, which could generate total proceeds of $1.88bn.
It also sees the tranche of shares sold by Playtika reduced, from an expected 21,700,000 shares to 18,518,500. This would net the business total proceeds of $500.0m.
The business’ majority stockholder Alpha Frontier will sell a larger than anticipated tranche.
Alpha Frontier will sell 50,981,500 shares of common stock, above the 47,800,000 set out in the registration statement. As before, the underwriters will have a 30-day option to buy an additional 10,425,000 shares at the IPO price.