DoubleDown Interactive to Go Public on Nasdaq
DoubleUs subsidiary, DoubleDown Interactive, is preparing to go public on the Nasdaq. They aim to secure $91.4 million in funding.
The company plans to begin selling its shares “at the earliest opportunity” following regulatory approval. Their stock symbol will be DDI.
They will offer 315,800 shares, each representing 20 American Depositary Shares (ADS), for a total of 6.3 million ADS.
The price for each ADS is projected to be between $18 and $20, potentially generating between $113.7 million and $145.3 million. DoubleDown anticipates receiving $91.4 million after accounting for listing expenses and fees if the price falls within the middle of that range.
For further details, visit the iGB North America website.
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