Asia bulletin: Light & Wonder considers AUX listing
Light & Wonder is considering a secondary listing on the Australian Securities Exchange (ASX).
The move would be in addition to its current listing on the Nasdaq market and it will consult its shareholders before deciding whether or not to list on the ASX.
The Board has stated that it sees benefits in a potential ASX listing, including enhancing the company’s profile in Australia – which is one of its leading markets – as well as having access to long-term Australian investors.
Jamie Odell, Executive Chair of the Light & Wonder Board of Directors, said of the move: “The ASX is a premium market with a long track record as a platform for global gaming companies and a deep and liquid pool of sophisticated investors and market participants who have a strong understanding of the gaming business.
“We believe they will appreciate the value and long-term potential of L&W’s broad international business and strategy. We look forward to engaging with the market and our current shareholders on a potential secondary listing.”
Despite the announcement, Light & Wonder has stressed that it may not list on the ASX and will be conducting a review of the market before any decision by it and the shareholders comes around.
“I started my career in advertising and marketing with a marketing degree from Penn State and, early in my career, joined the gaming industry,” Lane explains.
She then joined us for a GI Huddle, while Light & Wonder also triumphed in the Retail Supplier of the year category at the Global Gaming Awards London 2023.
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