High Roller Technologies Announces Pricing of its Initial Public Offering
Rhea-AI Summary
High Roller Technologies (NYSE American: ROLR) has announced the pricing of its initial public offering of 1,250,000 common stock shares at $8.00 per share, raising gross proceeds of $10 million before deducting costs. The company granted underwriters a 45-day option to purchase up to 187,500 additional shares. Trading is expected to begin on NYSE American under 'ROLR' on October 23, 2024. The proceeds will fund new user acquisition, expansion to North American markets, launch of new brands, and working capital. ThinkEquity serves as the sole book-running manager for the offering, which is expected to close on October 24, 2024.
Positive
- Successful IPO raising $10 million in gross proceeds
- Strategic expansion plans into North American markets
- Listing on major exchange (NYSE American)
- Potential for additional capital through 187,500 share over-allotment option
Negative
- Potential shareholder dilution from IPO and possible over-allotment exercise
- Offering expenses and underwriting discounts will reduce net proceeds
Insights
This IPO represents a strategic entry into the public markets for High Roller Technologies, though the
The planned use of proceeds indicates a clear growth strategy focused on user acquisition and market expansion, particularly in North America. However, investors should note that the small offering size may limit the company's ability to execute aggressive growth plans in the highly competitive online gaming space. The inclusion of an over-allotment option for additional
High Roller's market entry through HighRoller.com and Fruta.com positions them in the premium segment of online gaming, a potentially lucrative but highly competitive niche. The focus on "high rollers" suggests a strategy targeting higher-margin players rather than mass-market volume, which could lead to better unit economics but increased customer acquisition costs.
The timing of this IPO coincides with expanding regulations and growing acceptance of online gaming across North America. However, the relatively small capital raise may challenge their ability to compete with established players who have significantly larger marketing budgets and existing user bases. Success will largely depend on their ability to efficiently deploy capital for user acquisition while maintaining premium brand positioning.
Las Vegas, Nevada, Oct. 22, 2024 (GLOBE NEWSWIRE) -- High Roller Technologies, Inc. (“High Roller” and the “Company”) (NYSE American: ROLR), operator of www.HighRoller.com and www.Fruta.com, each a premium brand in online gaming and a destination for high rollers, today announced the pricing of its initial public offering of 1,250,000 shares of the Company’s common stock at a public offering price of
The shares of common stock are expected to begin trading on the NYSE American under the ticker symbol “ROLR” on October 23, 2024. The offering is expected to close on October 24, 2024, subject to customary closing conditions.
High Roller intends to use the net proceeds from the offering for new user acquisition, the expansion to North American and/or other regulated markets, the launch of one or more new brands or verticals, and the balance of proceeds for general working capital.
ThinkEquity is acting as sole book-running manager for the offering.
A registration statement on Form S-1 (File No. 333-276176) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on October 22, 2024. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. operates as a global online gaming operator. The Company offers a compelling real money online casino platform with enhanced search engine optimization, direct API integrations, faster load times, and better scalability. High Roller Technologies serves customers worldwide.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
ir@highroller.com
800-460-1039
FAQ
What is the IPO price for High Roller Technologies (ROLR) shares?
How many shares is High Roller Technologies (ROLR) offering in its IPO?
When will ROLR stock begin trading on NYSE American?
How will High Roller Technologies use its IPO proceeds?
