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Jackpot! Online lottery and gaming provider NeoGames prices IPO above the range at $17

November 19, 2020
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NeoGames, which provides online gaming technology and services to lottery operators, raised $82 million by offering 4.8 million shares (55% primary) at $17, above the range of $14 to $16. At pricing, the company raised 13% more in proceeds than anticipated.

NeoGames plans to list on the Nasdaq under the symbol NGMS. Stifel, Macquarie Capital and Truist Securities acted as lead managers on the deal.