Playtika Files Confidentially for US IPO


Chinese-owned mobile games firm Playtika Holding Corp has confidentially submitted paperwork with the U.S. Securities and Exchange Commission for an initial public offering.

The company which is known for its casino-themed games and operates apps for poker and solitaire said that the offering size and the price range for the initial public offering have not been determined yet.

Playtika’s move to go public comes at a time when a number of China-owned companies are looking to reconsider their listings on U.S. exchanges amid rising tensions between Washington and Beijing.

Playtika has hired Morgan Stanley and other banks to underwrite the IPO and is aiming to go public either later this year or early in 2021.

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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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