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Scientific Games begins SciPlay IPO

Scientific Games has commenced the initial public offering of its social gaming business SciPlay.

ScientificGames

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.

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