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.