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Gaming Firm Playtika’s IPO Exceeds Target to Raise $1.88 Billion

Jan. 15, 2021, 1:54 AM

Playtika Holding Corp. and an investor raised about $1.88 billion in a U.S. initial public offering, pricing the mobile gaming company’s shares above a marketed range.

The Israel-based company and the selling shareholder sold 69.5 million shares Thursday for $27 apiece, according to a statement. Playtika had marketed the shares for $22 to $24.

The company had net income of $16 million on revenue of $1.8 billion for the nine months ended Sept. 30, according to its filings with the U.S. Securities and Exchange Commission. That compared with net income of $259 million on revenue of $1.4 billion in ...