Games Global, a global developer and distributor of online casino-style games, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $200 million.
The company develops, distributes, and markets casino-style gaming content, and provides B2B solutions to online gaming operators. Games Global works with 40 in-house and partnered studios, which have developed more than 1,300 games over the past 20 years, all of which are now part of its portfolio. Its portfolio spans slot games, table games, video poker, video bingo, game show games, crash games, and live casino games.
The Douglas, Isle of Man-based company was founded in 2021 and booked $381 million in revenue for the 12 months ended December 31, 2023. It plans to list on the NYSE under the symbol GGL. J.P. Morgan, Jefferies, Macquarie Capital, and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
