SBC News Voice of the Sports Betting Industry
Issuing a corporate update, European online gambling group Global Gaming 555 has confirmed that it plans to make an initial public offering (IPO) on the Scandinavian market the Stockholm Nasdaq First North Premier.
As the latest industry incumbent to seek an IPO, Global Gaming 555 will initial place a new share issue of ‘no more than’ 1000,000 shares, targeting to raise approximately SEK 22 million (€2.4 million) in funding.
The firm details that its planned Stockholm IPO will give it access to a deeper pool of professional investors, as Global Gaming 555 leadership looks to expand the growth and coverage of its B2C online casino brands NinjaCasino, Netticasino.com, Koti Kasino and Viking Slots.
In its Stockholm IPO prospectus, Global Gaming 555 governance has stated that it will allow a minimum share purchase of 250 shares at SEK 5500 (22 SEK per share). Its subscription price corresponds to a current company valuation of approximately SEK 850,000,000 (€88 million). At present, the firm targets a preliminary first trading day on Nasdaq First North is 19th October 2017.
At present, the firm targets a preliminary first trading day on Nasdaq First North is 19th October 2017.
