Follow DoubleDown Interactive's IPOFriday, August 6, 2023
DoubleDown Interactive, a Korean leader in mobile casino gaming software, has announced its intention to go public on the Nasdaq stock exchange. A subsidiary of the DoubleU Games group, DoubleDown Interactive is stepping up its game by launching a fundraising campaign of... 100 million dollars for its listing on the Nasdaq stock exchange scheduled for the coming weeks.
DoubleDown Interactive, an emblematic figure
Founded in 2018, the casino games from the publisher have been downloaded over 115 million times to date. It even ranks in the top 20 of the most popular casino games on the Apple Store since 2016. Its revenue has reached $379 million from March 2020 to 2023.
“DoubleDown Interactive is stepping up a gear by launching a $100 million fundraiser.”
To continue its rapid growth, DoubleDown Interactive plans to enter the Nasdaq stock market in the coming months. The company has filed its initial public offering on the Nasdaq and expects to raise around $100 million.
A very well organized stock market plan
Upon obtaining the agreement of the official authorities, the public will have access to the shares offered for sale by Double Down Interactive. There will be a total 315,800 common shares . Each is made up of 20 American depositary shares, called “American Depositary Shares” ADS in English for a total amount of 6.3 million.
The price of each ADS is set between $18 and $20 This would amount to a sum between 113.7 and 145 million dollars. Double Down Interactive stated that once operating costs are deducted, it estimates being able to earn 100 million by the end of the process.
The most popular games from DoubleDown Interactive
DoubleDown Interactive is one of the most reputable casino game publishers in the world. He is at the origin of the following virtual casinos:
- ♦️ 🎰 Double Down Casino comprises over 150 slot games and table games such as blackjack, roulette, and video poker. The Double Down casino is very popular among English speaking players due to the quality of its interface, as well as its varied game catalog with advantageous features.
- ♦️ 🎰 Double Down Fort Knox offers a diverse library including slot games massively present in all their forms. You will find classic slot machines, 5-reel, video, 3D, as well as special creations from Double Down Interactive studios.
- ♦️ 🎰 Double Down Classic Slots allows all enthusiasts of more traditional slot machines to have endless fun. The selection is based on 3 and 5 reel slot machines only. You will have the opportunity to accumulate bonuses and cashback.
If you want to know more about other casino gaming platforms available from France, you can find our ranking of best online casinos . You will be sure to find handpicked casinos there for the most enjoyable gaming experience.