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GAN Limited Priced, Nasdaq: GAN

UK-based provider of internet gambling software.

Industry: Consumer Discretionary

Latest Trade: $16.81 -0.27 (-1.6%)

First Day Return: +55.9%

Return from IPO: +100.8%

Industry: Consumer Discretionary

GAN is an award-winning provider of enterprise Software-as-a-Service solutions for online casino gaming, commonly referred to as iGaming, and online sports betting applications. Our technology platform, which we market as the GameSTACK internet gaming ecosystem platform, has been deployed in both Europe and the U.S. However, we are primarily focused on enabling the U.S. casino industry’s ongoing digital transformation, which is accelerating following the repeal of a federal ban on sports betting in May 2018. Our customers rely on our software to run their online casinos and sportsbooks legally, profitably and with engaging content. Our customer base in the U.S. includes larger regional operators as well as individual tribal casino operators. At December 31, 2019 our customers operated 53 retail casino properties, racetracks and online sportsbooks. With recent customer acquisitions, the number of retail outlets operated by our customers is now 101. We estimate that approximately half of all online sports wagers in the states of New Jersey and Pennsylvania, the two largest and fastest growing U.S. markets for online sports betting, are presently processed using our platform.
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IPO News for GAN Limited
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IPO Data
IPO File Date 03/25/2020
Offer Price $8.50
Price Range $6.50 - $8.50
Offer Shares (mm) 6.4
Deal Size ($mm) $54
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/04/2020
Offer Price $8.50
Price Range $6.50 - $8.50
Offer Shares (mm) 6.4
Deal Size ($mm) $54
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters London, United Kingdom
Founded 2002
Employees 136
Website www.gan.com