April 16 (Reuters) - Games Global, the UK-based maker of online casino-styled games, recorded a more than 80% jump in revenue in 2023, it revealed on Tuesday in its paperwork for an initial public offering (IPO) in the United States.
The U.S. IPO market is expected to recover in 2024, after a two-year a dry spell, amid growing expectations of a soft-landing for the economy.
But the company's plan to list in the U.S. deals yet another blow to London capital markets, which have seen a string of high-profile defections last year by domestic or locally listed companies to New York in search of deeper liquidity and higher valuations.
The Isle of Man-headquartered company said revenue for the year ended March 31, 2023 rose to 306.9 million euros ($325.84 million) compared with 168.3 million euros a year earlier.
Games Global recorded annual profit of 107.8 million euros, versus 97.3 million euros in the corresponding period i
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Incorporated in 2021, the company is one of the leading suppliers to the iGaming, or online gambling industry, servicing more than 600 global gaming brands. It has a bouquet of over 1,300 exclusive
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The company is seeking to list on the New York Stock Exchange under the ticker symbol "GG
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J.P. Morgan, Jefferies, Macquarie Capital and Barclays are acting as the underwriters for 카지노사이트 the offering. ($1 = 0.9419 euros) (Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi Majumdar)
The U.S. IPO market is expected to recover in 2024, after a two-year a dry spell, amid growing expectations of a soft-landing for the economy.
But the company's plan to list in the U.S. deals yet another blow to London capital markets, which have seen a string of high-profile defections last year by domestic or locally listed companies to New York in search of deeper liquidity and higher valuations.
The Isle of Man-headquartered company said revenue for the year ended March 31, 2023 rose to 306.9 million euros ($325.84 million) compared with 168.3 million euros a year earlier.
Games Global recorded annual profit of 107.8 million euros, versus 97.3 million euros in the corresponding period i>
Incorporated in 2021, the company is one of the leading suppliers to the iGaming, or online gambling industry, servicing more than 600 global gaming brands. It has a bouquet of over 1,300 exclusive
>
The company is seeking to list on the New York Stock Exchange under the ticker symbol "GG
>
J.P. Morgan, Jefferies, Macquarie Capital and Barclays are acting as the underwriters for 카지노사이트 the offering. ($1 = 0.9419 euros) (Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi Majumdar)
