DDI News

The IPO market saw a quiet end to the summer with only two IPOs this past week. SPAC activity remained steady with seven blank check IPOs. New filers continue to pour into the IPO pipeline, with 11 IPOs, one direct listing, and two SPACs submitting initial filings.     For a deeper dive into the fall IPO market, read our ...read more

In the typically-slow month of August, nine IPOs raised $1.0 billion, joined by 31 SPACs. Only four of the nine offerings raised over $100 million. Activity was well below August 2020, which saw investors and bankers skip their vacations due to the pandemic. Five listings also postponed this past month amid poor IPO aftermarket returns and “IPO indigestion” after summer...read more

DoubleDown Interactive, a leading developer and publisher of mobile- and web-based social casino games, raised $114 million by offering 6.3 million ADSs (17% secondary) at $18, the low end of the range of $18 to $20. DoubleDown states that it is a leading developer and publisher of digital games on mobile and web-based platforms. Its games have been installed over...read more

DoubleDown Interactive, a leading developer and publisher of mobile- and web-based social casino games, plans to price its US IPO on price on Monday, August 30, 2021 and begin trading on the Nasdaq on Tuesday. The Seoul, South Korea-based company plans to raise $120 million by offering 6.3 million ADSs (17% secondary) at a price range of $18 to $20. DoubleDown Interactive was...read more