They also note that the South Korean game company Netmarble Co. Industry watchers highlight that the stock market environment is more favorable for DoubleDown than last year, with the Nasdaq index breaking new records every day. The company’s last-year IPO attempt amid the COVID-19 pandemic failed largely as the institutions had proposed much lower price bands than DoubleDown’s asking price. The investment banking industry is keeping a close eye on whether the casino game maker will be able to reach a valuation of 1 trillion won ($854 million) in the US market. The parent company DoubleUGames and another financial investor STIC Investments are also expected to be making investment returns by selling their shares in the market. The company said that the raised funds will be used for developing next-generation games as well as M&As.
The company is known for its mobile social casino games DoubleDown Casino, DoubleDown Fort Knox and DoubleDown Classic Slots.ĭoubleDown will be raising about $95 million from the IPO. Its market cap will be $892-991 million depending on the final price of its IPO shares. The expected unit price of the social casino game maker’s IPO shares is $18-20, a dollar higher than its first attempt last year. Roadshows typically run for more than two weeks and even up to a month. 26 that the company has kicked of its roadshow, which is a series of sales presentations pitched in different locations to make up an initial public offering (IPO). DoubleDown Interactive's social casino games (Courtesy of DoubleDown Interactive).ĭoubleDown Interactive LLC, a subsidiary of DoubleUGames Co., has resumed the process to go public on Nasdaq after more than a year has passed from its initial try in July 2020.ĭoubleDown said on Aug.
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