20 July a leading developer and provider of mobile and internet- casino games DoubleDown Interactive filed an application with the Securities and Exchange Commission for raising up to 120 USD million in initial public offering. In june 2020 year, the company applied to attract almost 200 million dollars under the IPO, but last week officially withdrew the application, announcing plans to submit a new.
Company headquartered in Seoul, South Korea, plans to attract 120 million dollars, releasing 6,3 million ADS (17% secondary) at a price from 18 to 20 Dollars. Taking into account the average price of the stated range, the market value of DoubleDown Interactive will be 942 million dollars.
DoubleDown declares, which is a leading developer and provider of digital games on mobile and web platforms. To date, the company's games have been installed over 115 million times, and its flagship game, DoubleDown Casino, with 2016 ranked in the top 20 highest grossing mobile games in the App Store. For three months, ended 31 Martha 2021 of the year, each month, the company's games were played on average by more than 2,6 million players.
DoubleDown was founded in 2008 year, and for 12 Months, ended 31 Martha 2021 of the year, her earnings were 379 million dollars. The company plans to list on the stock exchange Nasdaq under the ticker DDI. The only organizer of the issue of shares was B. Riley Securities.
