Cantor Entertainment files for IPO

Nevada-based gaming software developer Cantor Gaming and Wagering parent company, Cantor Entertainment Technology Inc, expects to raise up to $100 million in an initial public offering of common shares filed with U.S. regulators this week.

The number and cost of the shares to be offered has not been revealed, however, the company plans on using the money raised from the offering to repay debt and finance a listing of its common stock on Nasdaq, reports Reuters.

Global financial services firm and Cantor Gaming affiliate, Cantor Fitzgerald & Co, will underwrite the IPO.

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