DoubleUs subsidiary, DoubleDown Interactive, is preparing to go public on the Nasdaq Stock Market. Their goal is to secure $91.4 million in funding.
The company has announced that they will commence share sales upon receiving government authorization. Their stock symbol will be DDI.
DoubleDown Interactive will offer 315,800 shares of their company. Each share comprises 20 American Depositary Shares (ADS), totaling 6.3 million ADS.
They anticipate selling each ADS for a price range of $18 to $20. This translates to a potential fundraising range of $113.7 million to $145.3 million. DoubleDown has indicated that if they sell each ADS for $19, they will receive $91.4 million after accounting for listing fees and other expenses.
You can access the complete article on the iGB North America website.
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