💵 Potential IPO
Israel-based mobile game developer and publisher Playtika has hired Morgan Stanley and other investment banks to prepare for a U.S. initial public offering. The company is aiming to go public either later this year or early in 2021 and raise over $1b with the expected valuation of around $10b.
The timing, valuation and deal size are subject to market conditions.
🎬 History Behind
Founded in 2010, Playtika has been acquired by a group of Chinese investors including Giant Network Group and Yunfeng Capital, a private equity firm founded by Alibaba Group founder Jack Ma, for $4.4b in 2016.
Over the last 12 months, Playtika has been active in M&As and has acquired several games businesses, including German mobile studio Wooga, Austrian studio Supertreat, and Best Fiends developer Seriously.
Playtika, is known for its casino-themed games and operates apps for poker and solitaire: Slotomania, BINGO Blitz, Best Friends and other.
Playtika currently boasts 27 million monthly active users.
🎯 Several gaming companies have decided to go for an IPO in the next 12 months.