GAN Set for $30 Million US IPO

 

Internet gambling software provider GAN Limited has announced the terms for its US IPO.

The UK-based company plans to raise $30 million by offering 4.1 million shares at a price range of $6.50 to $8.50. At the midpoint of the proposed range, GAN would command a fully diluted market value of $206 million.

The company is currently listed on London’s AIM under the symbol GAN. It plans to list on the Nasdaq under the symbol GAN. B. Riley FBR is the sole bookrunner on the deal.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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