DoubleDown Interactive, a leading developer and publisher of mobile- and web-based social casino games, raised $114 million by offering 6.3 million ADSs (17% secondary) at $18, the low end of the range of $18 to $20.
DoubleDown states that it is a leading developer and publisher of digital games on mobile and web-based platforms. Its games have been installed over 115 million times to date, and its flagship game, DoubleDown Casino, has been in the top 20 grossing mobile games annually on Apple App Store since 2016. For the three months ended March 31, 2021, over 2.6 million players played its games each month on average.
DoubleDown Interactive plans to list on the Nasdaq under the symbol DDI. B. Riley Securities acted as sole bookrunner on the deal.
