Playtika Holding Corp, a mobile game developer, has filed Amendment No 1 to Form S-1 Registration Statement January 7, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $1.6 billion by offering 69.5 million shares at a price range of $22 to $24. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $9.7 billion.
The company built best-in-class live game operations services and a proprietary technology platform to support their portfolio of games which enable them to drive strong user engagement and monetization.
The Herzliya, Israel-based company was founded in 2010 and booked $2.3 billion in revenue for the 12 months ended September 30, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “PLTK.” Morgan Stanley, Credit Suisse, Citi, Goldman Sachs, UBS Investment Bank and BofA Securities are underwriters of the IPO.
The company engages Latham & Watkins LLP as US Securities Counsel, and Kost Forer Gabbay & Kasierer-Ernst & Young as Independent Auditor.
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