SciPlay, Scientific Games' social gaming unit offering casino-style mobile games, announced terms for its IPO on Monday.
The Las Vegas, NV-based company plans to raise $330 million by offering 22 million shares at a price range of $14 to $16. At the midpoint of the proposed range, SciPlay would command a fully diluted market value of $1.9 billion.
SciPlay was founded in 1997 and booked $416 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol SCPL. BofA Merrill Lynch, J.P. Morgan, Deutsche Bank, Goldman Sachs, Morgan Stanley, Macquarie Capital and RBC Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of April 29, 2019.
