Finance

theScore moves ahead with US IPO plans

| By Robin Harrison
Canada’s Score Media and Gaming (theScore) has launched a public offering of Class A shares in the US and Canada, which it aims to list on the Nasdaq Global Select Market.
Golden Matrix files for Nasdaq IPO

The operator will offer 5m Class A Subordinate Voting Shares for sale through the offering. These will be offered through a syndicate of underwriters led by Morgan Stanley, Credit Suisse, Canaccord Genuity and Macquarie Capital, as joint book-running managers. 

This offering remains subject to theScore agreeing a satisfactory underwriting agreement with this syndicate, which will also set out customary closing conditions. 

Once this agreement is reached, the pricing of the offering, including the expected proceeds, will be announced. 

As part of this, theScore will grant the underwriters an over-allotment option of up to 15% of the Class A shares sold through the offering.

These proceeds will be used to fund working capital and other general corporate purposes. This includes the continued growth and expansion of its sportsbook offering theScore Bet, which is currently live in four states. 

Read the full story on iGB North America.

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