Playtika Holding (PLTK) IPO 24% Opens

January 15, 2021 12:21 PM EST
Get Alerts PLTK Hot Sheet
Price: $25.93 -0.65%

Overall Analyst Rating:
    BUY (= Flat)

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Today's IPO for Playtika Holding Corp. (NASDAQ: PLTK) opened for trading at $33.40 after pricing its initial public offering of 69,500,000 shares of its common stock at a price to the public of $27.00 per share.

The offering consists of 18,518,500 shares of common stock offered by Playtika and 50,981,500 shares of common stock offered by an existing stockholder. Playtika will not receive any proceeds from any sale of shares by the Selling Stockholder.

The underwriters have a 30-day option to buy an additional 10,425,000 shares of common stock from the Selling Stockholder at the initial public offering price, less underwriting discounts and commissions.

Morgan Stanley and Credit Suisse are acting as lead bookrunners for the offering. Citigroup, Goldman Sachs & Co. LLC, UBS Investment Bank, and BofA Securities are acting as additional bookrunners for the offering. Baird, Cowen, Stifel, and Wedbush Securities are acting as co-managers for the offering.

Playtika Holding Corp. is a leading mobile gaming company and monetization platform with over 35 million monthly active users across a portfolio of games titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has over 3,700 employees in 19 offices worldwide including Tel-Aviv, London, Berlin, Vienna, Helsinki, Montreal, Chicago, Las Vegas, Santa Monica, Newport Beach, Sydney, Kiev, Bucharest, Minsk, Dnepr, and Vinnytsia.



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