GGL News

Four IPOs debuted in the US this week, led by a Singapore-based hot pot restaurant operator, though the largest scheduled deal didn’t make it to market. In the pipeline, four sizable issuers submitted initial filings, led by one that could raise $1 billion. The week’s largest scheduled deal, online casino games publisher Games Global (GGL) withdrew...read more

So far this year, 27 IPOs have raised $100 million or more, outpacing this point in the prior two years. While 2024's larger IPOs have traded very well overall, activity has started to stall in May. Nevertheless, we still anticipate a pickup in deals in the seasonally-active months of June and July. ...read more

Games Global, a global publisher of online betting and casino games, withdrew its plans for an initial public offering on Monday, citing market conditions. It had filed to raise $254 million by offering 14.5 million shares (59% secondary) at a price range of $16 to $19. The Douglas, Isle of Man-based company was founded in 2021 and booked $386 million in revenue for the 12 months...read more

One IPO is currently scheduled for the week ahead, though some small issuers may join the calendar late. Games Global (GGL) plans to raise $254 million at a $2.0 billion market cap. The company develops and distributes casino-style gaming content, as well as provides B2B solutions to online gaming operators. Its 40 in-house and partnered studios have developed...read more