Playtika to raise USD1.6 Billion on NASDAQ, at USD 9 Billion valuation
Israeli mobile gaming company Playtika has filed with the U.S. Securities and Exchange Commission for an IPO on NASDAQ.
In an updated prospectus, the Herzliya-based gaming firm says it plans offering shares worth about USD 1.6 Billion at a company valuation of between USD 8.6 Billion and USD 9.4 Billion, with half the sum in share being offered by existing equity holders.
Playtika says in the filing that the capital raised will be used to increase financial flexibility and general corporate purposes, potential acquisitions and repaying loans
Founded in 2010 by Antokol and Uri Shahak, Playtika was acquired by U.S. company Caesars Interactive Entertainment for USD 130 million in 2011 and acquired from them in 2016 by a Chinese consortium for USD 4.4 Billion.
