The Stars Group made the shares available at $38 a piece for listing on the Nasdaq and Toronto TSX exchanges.

The proposed acquisition of SkyBet and the funding drives are part of Stars Groups' drive to become the most valuable listed online gambling operator. The company provides technology-based products in the global gaming and interactive entertainment industries. Its brands include PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, and the European Poker Tour.

If the SkyBet acquisition does not close, the company intends to use the net proceeds from the offering for general corporate purposes.