Monday, October 3, 2022
Sports Gaming Digest Sports Magazine Begins Selling Shares Ahead of Anticipated NASDAQ Launch is looking to become the latest gaming-related entity to trade on a public exchange. After recently announcing its plans to introduce an initial public offering (IPO), it has now filled in some of the blanks. The company has big plans for its future, and is confident that it will continue to be a major component of the growing gambling industry. Goes Public

According to a press release from the company yesterday, it has begun selling shares in conjunction with its IPO. 7.5 million ordinary shares are being offered, and underwriters will have first rights to purchase another 1.125 million shares at the IPO price, minus any underwriting discounts and commissions. Those underwriters will have to exercise their right to purchase the additional shares within 30 days or any outstanding allotment becomes fair game for investors. adds that the price range is “estimated to be” $11.00 to $13.00 per share. It confirmed its previously announced filing with the Securities and Exchange Commission (SEC) to find a spot on a public exchange, targeting NASDAQ with a ticker symbol of GAMB. The offering is made available through a prospectus, a copy of which can be obtained by contacting Jefferies LLC. The firm is the lead book-running manager for the underwriters, as well as their chosen representative, with Stifel, Nicolaus & Company, Inc. and Truist Securities, Inc. being brought in to assist with the book-running.


Planning for the Future has only indicated that the funds raised will be used to help the company fulfill operational goals, without providing concrete details on what’s in store. The company has become a considerable piece of the global gaming puzzle, operating in 13 countries while providing an array of content related to the online gaming segment. It has offices in Ireland, Malta and the US – one in Florida and another in North Carolina – and is led by Charles Gillespie and Kevin McCrystle, who founded the company in 2006.


Whether or not the company is able to achieve the $80-million goal isn’t clear, but it shouldn’t have too much difficulty. With its ties to affiliate marketing and global reach, as well as its 32 websites, it has attached itself to a niche that continues to grow each year. Most likely, when it gets going on NASDAQ, it will fall into the small-cap stock range, which is usually reserved for more volatile companies. In this case, however, isn’t necessarily volatile, but it is coming off a two-year run that saw a wide flip in its revenue from negative to positive. As investors weigh their options and consider the performance of other gaming stocks, initially, they may be somewhat reserved in attacking

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