DoubleDown Interactive Co. Ltd. (DDI) Announces 5.3M Share IPO at $18-$20/sh

DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) announced today that it has commenced an initial public offering of its shares in the form of American depositary shares (“ADSs”) in the United States. The estimated price range per ADS is $18 to $20. The number of primary ADSs to be offered and sold by DoubleDown is 5,263,000, and the number of ADSs to be offered and sold by a selling shareholder is 1,053,000.

B. Riley Securities is acting as the sole bookrunner for the proposed offering. CBRE and Northland Capital Markets will act as co-managers for the proposed offering.

DoubleDown has applied to the Nasdaq Stock Market for the listing of the ADSs under the symbol “DDI.”A registration statement on Form F-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time such the registration statement, as may be amended from time to time, becomes effective and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date. The proposed offering will be made only by means of a prospectus contained in the Company’s registration statement, as amended. Copies of the preliminary prospectus relating to the Offering, when available, may be obtained by using EDGAR on the SEC website at www.sec.gov or by contacting: B. Riley Securities, Inc., 1300 17th Street North, Suite 1300, Arlington, VA 22209, telephone: (703) 312-9580 or e-mail: [email protected]

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