Igaming supplier Games Global filed for an initial public offering with the New York Stock Exchange on Tuesday and said it will trade under the ticker symbol “GGL.”
“The timing of the offering, number of shares to be offered and the price range for the proposed offering have not yet been determined,” Games Global said in a statement.
Headquartered on the Isle of Man, Games Global is an igaming content supplier with more than 1,300 games from more than 50 studio partners. The company was formed in 2021 after acquiring ownership of Microgaming’s catalog of gaming content.
Financial service companies JPMorgan, Macquarie Capital and Jefferies have been announced as joint book-running managers for the IPO. Games Global enlisted Cooley LLP to represent the company and ensure compliance with certain U.S. federal security rules.
If approved, the IPO filing, submitted to the Securities and Exchange Commission, will mark Games Global’s debut on the NYSE. Games Global said it is an “emerging growth company” and “foreign private issuer” according to SEC classification. Walter Bugno and Timothy Mickley have been named in the fillings as directors for the company and CEO and chief financial officer, respectively.
The money raised from the IPO will be used for Games Global’s research and development services and sales and marketing operations.
In the Form F-1 filing, Games Global outlined its 2023 full-year results, reporting revenues of $326.7 million, up 82.3 percent from the previous year.
