In accordance to the report by the Axios web page, Playtika will go on to be traded on Nasdaq.


Non-public equity business Joffre Money is established to buy a considerable stake in mobile games developer Playtika (Nasdaq: PLTK), at a top quality amounting to over 40% on the closing price tag of the company’s shares yesterday, according to the Axios web site.

The shares will be acquired from Playtika’s Chinese controlling shareholder, a company headed by Yuzhu Shi, at a valuation of $8.7 billion. The Israeli games company will proceed to be traded on Nasdaq.

Next the report, Playtika’s share price jumped 32% in just after-several hours buying and selling.

In February this year, Playtika introduced that it was analyzing various methods for maximizing its price to shareholders. “As part of the approach, the Board intends to consider a comprehensive variety of strategic alternate options, which could contain a sale of the firm or other doable transactions,” the announcement said.

Playtika’s share cost fell 45% involving its flotation in January 2021 and yesterday’s report, to a rate offering the organization a marketplace cap of $6 billion, which compares with $11 billion in the flotation.

Revealed by Globes, Israel enterprise news – en.globes.co.il – on June 28, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



Playtika Nasdaq IPO