Gambling.com Group launches US IPO
Affiliate looking to list shares between $11 and $13 a piece after kickstarting process with SEC
Gambling.com Group has commenced an initial public offering (IPO) as the affiliate looks to list on the Nasdaq Stock Market in the US.
The initial share price for Gambling.com Group stock is estimated to be between $11 and $13 per ordinary share.
The affiliate will offer 7,500,000 shares initially, with the underwriters of the offering also being afforded a 30-day option to purchase up to an additional 1,125,000 shares from the selling shareholders.
Throughout the process, Jefferies Group is acting as lead book-running manager and representative of the underwriters for the offering.
Stifel Nicolaus and Truist Securities will also serve as book-running managers for the offering.
Gambling.com Group initiated the process of a publicly listing after filing an F1 notice with the SEC.
Gambling.com Group said in its prospectus: “In many ways, we are more akin to an online media company as our revenue is derived primarily from online marketing.
“We take high-value gambling industry domain names and develop them into market leaders. This presents a major opportunity for us to capture a leading position in the market.”
If the group’s IPO is successful, it will list its shares under the ticker symbol GAMB.