NeoGames Announces Closing of $94.0 Million Initial Public Offering and Full Exercise of Underwriters’ Overallotment Option
Rhea-AI Summary
NeoGames announced the successful closing of its initial public offering (IPO) on November 24, 2020, offering a total of 5,528,650 ordinary shares at a price of $17.00 each. This includes 2,987,625 shares from the company and 2,541,025 from selling shareholders, with 721,128 shares sold under the underwriters' overallotment option. The shares started trading on Nasdaq under the ticker 'NGMS' on November 19, 2020. Stifel acted as the lead bookrunner for the offering.
Positive
- Successfully closed an IPO of 5,528,650 shares raising significant capital.
- Strong demand indicated by the full exercise of the underwriters' overallotment option.
Negative
- None.
News Market Reaction – NGMS
On the day this news was published, NGMS gained 0.80%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LUXEMBOURG, Nov. 24, 2020 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the "Company"), a technology-driven provider of end-to-end iLottery solutions, announced today the closing of its initial public offering of 5,528,650 ordinary shares at a price of
Stifel acted as the lead bookrunner for the offering and as representative of the underwriters, and Macquarie Capital and Truist Securities acted as joint bookrunners for the offering.
A registration statement on Form F-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission on November 18, 2020. This offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, California 94104, telephone: +1 415 364 2720, or email: syndprospectus@stifel.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About NeoGames
NeoGames is a technology-driven innovator and a global provider of iLottery solutions for national and state-regulated lotteries. NeoGames’ full-service solution combines proprietary technology platforms with the experience and expertise required for successful iLottery operations. NeoGames’ pioneering game studio encompasses an extensive portfolio of engaging online lottery games that deliver an entertaining player experience. As a trusted partner to lotteries worldwide, the Company works with its customers to maximize their success, offering a comprehensive solution that empowers them to deliver enjoyable and profitable iLottery programs to their players, generate more revenue, and direct proceeds to good causes.
Contacts
Investor Contact:
ir@neogames.com
Media Relations:
pr@neogames.com
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