NeoGames Files IPO With Goal of Raising $90 Million

Gaming group NeoGames is filing an IPO in the United States with the goal of raising $90 million in capital for the long-term health of the company.

The IPO was filed with the US regulator Securities and Exchange Commission on October 27th with the goal of being listed on the Nasdaq stock exchange. Pricing terms for the listing haven’t been made available, but it was revealed that Stifel, Macquarie Capital, and Truist Securities will serve as the bookrunners for the process.

William Hill owns a 29.4% stake in the company but is in the process of being purchased by Caesars Entertainment. The UK betting giant says that their stake and the IPO will not impact their own purchase.

We’ll update this story as the IPO progresses.

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