Welcome to our dedicated page for Doubledown Interactive news (Ticker: DDI), a resource for investors and traders seeking the latest updates and insights on Doubledown Interactive stock.
DoubleDown Interactive Co., Ltd. reports recurring developments around its digital games business, which develops and publishes mobile and web-based entertainment for casual players. Company updates commonly cover social casino games, including the flagship DoubleDown Casino, direct-to-consumer payment channels, and real-money iGaming operations conducted through SuprNation in Western Europe.
DDI news also includes quarterly and annual financial releases, business updates, annual general meeting results, amendments to governance documents, director elections, remuneration approvals, and American Depositary Share voting matters. The company has also described its European social casino operations through WHOW Games and its reporting of results under IFRS.
DoubleDown Interactive (NASDAQ: DDI) announces the launch of Undead World: Hero Survival, a new zombie RPG blending idle gameplay with character collecting. This venture signifies a shift from their traditional casino game focus. CEO In Keuk Kim expressed excitement over expanding into new mobile game genres, highlighting positive feedback from a soft launch. The game features various modes, social gameplay elements, and is set for a worldwide release on iOS and Android in late September 2021. Players can pre-register via Google Play for updates.
B. Riley Financial (RILY) announced a cash tender offer to purchase up to 2,000,000 ADS of DoubleDown Interactive (DDI) at $18.00 per ADS. This initiative reflects B. Riley's confidence in DDI's strong market position and profitability. The tender offer is set to commence by late September 2021. B. Riley has been a significant purchaser of DDI shares since its IPO, emphasizing the strategic value of this acquisition for enhancing shareholder value.
DoubleDown Interactive announced the closure of its initial public offering, selling 6,316,000 American Depositary Shares (ADSs) at $18.00 each. The company sold 5,263,000 ADSs, while a selling shareholder contributed 1,053,000. Net proceeds to the company are expected to be approximately $86.5 million after expenses. The offering was executed under its Registration Statement on Form F-1. Following the offering, two non-executive directors resigned from the board. The company warns that forward-looking statements may be affected by various risks and uncertainties.
DoubleDown Interactive has priced its initial public offering (IPO) of 6,316,000 American Depositary Shares (ADSs) at $18.00 per ADS, aiming for gross proceeds of $113.7 million.
Of the total, 5,263,000 ADSs are offered by the company and 1,053,000 by a selling shareholder, who has given underwriters a 30-day option for an additional 947,400 ADSs. The net proceeds expected for the company are approximately $86.5 million.
The ADSs are set to trade on NASDAQ under the ticker symbol DDI starting on August 31, 2021.
DoubleDown Interactive announced the engagement of B. Riley Securities as lead underwriter for its upcoming initial public offering (IPO) of American Depositary Shares (ADSs) on NASDAQ under the symbol DDI. The registration statement on Form F-1 has been filed with the SEC but is not yet effective, meaning no offers can be made until it becomes effective. Macquarie Capital will also serve as an underwriter. This IPO aims to offer additional capital to support the company's growth.
DoubleDown Interactive Co., Ltd. has initiated its initial public offering (IPO) of American Depositary Shares (ADSs), offering a total of 11,000,000 ADSs, each representing one-twentieth of an ordinary share. The expected price range is between US$17 to US$19 per ADS. Additionally, a selling stockholder may grant underwriters a 30-day option for an extra 1,650,000 ADSs. The ADSs will be listed on NASDAQ under the ticker symbol 'DDI'. J.P. Morgan Securities and BofA Securities are leading the offering.