Scientific Games has commenced the initial public offering of its social gaming business SciPlay.
The supplier is offering 22 million shares of Class A common stock, which is anticipated to generate between $14.00 and $16.00 per share.
The shares are expected to trade on the Nasdaq Global Select Market, with SciPlay also expecting to grant the underwriters a 30-day option to purchase an additional 3.3 million shares.
Last week, Scientific Games launched OpenSports, a sports betting technology suite which offers a redesigned sportsbook solution.
At the time of the announcement, Keith O'Loughlin, SVP Sportsbook for SG Digital, said: "The unification of our portfolio under a single brand allows us to help customers connect better with their players and deliver next level engagement."
Both moves ensure this is a significant time for Scientific Games in terms of organisational structure moving forward.
