Mobile-Game Maker Playtika Rises After Israel-Record IPO (1)

Mobile-games company Playtika Holding Corp. rose in its trading debut after raising $1.88 billion in an initial public offering, the biggest listing ever by an Israel-based company.

Playtika’s shares, which rose as much as 34% Friday, closed up 17% to $31.62 in New York trading, giving the company a market value of about $13 billion.

The company and its main owner, a China-based investor, sold 69.5 million shares Thursday for $27 apiece. Playtika had marketed the shares for $22 to $24.

Playtika Chief Executive Officer Robert Antokol said in an interview that the proceeds of the IPO could fuel acquisitions ...