DoubleDown Interactive, a leading developer and publisher of mobile- and web-based social casino games, plans to price its US IPO on price on Monday, August 30, 2021 and begin trading on the Nasdaq on Tuesday.
The Seoul, South Korea-based company plans to raise $120 million by offering 6.3 million ADSs (17% secondary) at a price range of $18 to $20.
DoubleDown Interactive was founded in 2008 and booked $373 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol DDI. B. Riley Securities is the sole bookrunner on the deal, with Union Gaming (CBRE) and Northland Securities serving as co-managers.
