This figure was down from the $11.00 to $13.00 range the business said it expected when it applied for the IPO last month.
Underwriters of the offering will also have a 30-day option to purchase up to an additional 787,500 ordinary shares at the IPO price, less underwriting discounts and commissions.
Gambling.com said it expects the shares to begin trading on the Nasdaq Global Market from today (23 July) under the ticker symbol ‘GAMB’. Subject to customary closing conditions, the offer is set to close on 27 July.
Jefferies LLC is acting as lead book-running manager and representative of the underwriters for the offering, while Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. will also serve as book-running managers.
The group announced last month that it had applied to list its shares on the Nasdaq Stock Market under the ticker symbol.
Last week, Gambling.com set out further details of the listing, though both the number of shares and the confirmed IPO price are lower than initially stated.
Gambling.com said the group and some selling shareholders would offer 7,500,000 ordinary shares, with the underwriters of the offering having a 30-day option to purchase up to an additional 1,125,000 ordinary shares.
The IPO price was estimated to be between $11.00 and $13.00 per ordinary share, some way short of the confirmed $8.00. Based on the midpoint of $12.00 between to the two estimated prices, Gambling.com said at the time it would raise $90m from 7.5m shares.
Gambling.com previously stated it intends to use net proceeds from the offer for general corporate purposes, including working capital, operating expenses and capital expenditures, as well as potential strategic investments and acquisitions.