Mobile game maker Playtika goes public at $11 billion valuation

[MrClatz]

 

Playtika went public today in an initial public offering at $27 a share, giving the mobile game publisher a valuation of $11.4 billion. This news comes after speculation from different people that Playtika may go public.

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" In the offering, Playtika’s owner and the company sold stock valued at $1.88 billion, with Playtika offer 18.5 million shares and its owner, Shi Yuzhu (owner of Giant), selling 50.9 million shares. About $499 million of the amount goes to the company. The IPO is the largest in Israeli history, and the value puts it above American mobile game publisher Zynga, which is worth $10.7 billion. Playtika’s trading opened at $35 a share and it is currently at $33.51 a share. (Update: Playtika’s stock price closed at $31.62 a share, giving the company a valuation of $12.9 billion)."

 

Many people including myself are interested to see a company like Playtika go public. They have been hinting at going public for a while. However some thought that it might be a good time given the current stae of the company.

 

Mobile game maker Playtika goes public at $11 billion valuation | VentureBeat

[lostcattears]

Moblie Games stilll suckkkkk for the majority of them

[Nicnac]

that reminds me i wanted to buy tencent stocks

[Drama Lama]

[MrClatz]

2 hours ago, Drama Lama said:

yay memes

[williamcll]

Israelian? Is it Raid Shadow legends' parent company? If that's the case I guess all the marketing campaign paid off.