Playtika Announces Launch of Initial Public Offering

Playtika Holding Corp have announced the launch of its initial public offering of 69,500,000 shares of its common stock.

The offering consists of 21,700,000 shares of common stock offered by Playtika and 47,800,000 shares of common stock to be sold by an existing stockholder.

Playtika will not receive any proceeds from the sale of the shares by the Selling Stockholder. The underwriters will 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.

The initial public offering price is currently expected to be between $22.00 and $24.00 per share. Playtika intends to list its common stock on the Nasdaq Global Select Market under the symbol “PLTK.”

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

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