Playtika Launches IPO To Capitalize on Gaming Trend

Author: Live Casino Direct
 
Playtika Launches IPO To Capitalize on Gaming Trend
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Playtika Holding Corp launches IPO to boost its valuation to $10 billion and capitalize on gaming trend.

Playtika Holding Corp has launched an initial public offering in the US to further boost its growth and capitalize on the growing demand for mobile gaming. The company is attempting to raise $1.67 billion and increase its total valuation to nearly $10 billion. Playtikah is owned by a Chinese investor group.

Playtika designs and sells casino and slot-based gambling games for over 35 million monthly users. The company plans to list itself as PLTK on the Nasdaq. Playtikas is owned by a group of Chinese investors.