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Online casino games developer Games Global withdraws $254 million US IPO

May 13, 2024

Games Global, a global publisher of online betting and casino games, withdrew its plans for an initial public offering on Monday, citing market conditions. It had filed to raise $254 million by offering 14.5 million shares (59% secondary) at a price range of $16 to $19.

The Douglas, Isle of Man-based company was founded in 2021 and booked $386 million in revenue for the 12 months ended December 31, 2023. It had planned to list on the NYSE under the symbol GGL. J.P. Morgan, Jefferies, Macquarie Capital, Barclays, and BTIG were set to be the joint bookrunners on the deal.