Games Global, a developer, distributor and marketer of online gaming content and business-to-business solutions, has announced the filing of a registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its ordinary shares.
The registration statement, filed on Form F-1, marks a major step for Games Global as it seeks to offer its shares to the public.
The company has applied to list its ordinary shares on the New York Stock Exchange under the symbol "GGL."
However, details regarding the timing of the offering, the number of shares to be offered and the price range have not yet been determined.
For the proposed offering, J.P. Morgan, Jefferies and Macquarie Capital are serving as joint book-running managers, with Barclays acting as the bookrunner.
The offering will be made through a prospectus, which will provide potential investors with detailed information about the company and the offer being put forward.
While a registration statement has been filed with the SEC, it has not yet become effective. Therefore, the securities may not be sold, and offers to buy may not be accepted until the registration statement becomes effective.
Games Global has had a productive start to the year so far, with a number of new partnerships being inked in recent months.
In February, for example, the company partnered with Videoslots and its brand, Mr. Vegas – a deal that saw Games Global supplying the Mr. Vegas online casino with titles from its studio, OnAir Entertainment.
