Global Gaming to list on Nasdaq First North
News on 30 Sep 2017
News on 30 Sep 2017
Global Gaming 555 AB, which owns and operates the Ninja online casino has advised that it is making application for a listing on the Nasdaq First North stock exchange to support its continued growth and development.
The Malmo, Sweden-based company has published a memorandum summarising the business and offering in the issue:
* The offer is aimed at the public in Sweden and institutional investors, and includes an issue of no more than 1,000,000 shares;
* At full subscription, the issue will raise 22,000,000 SEK before issue costs;
* Minimum subscription is 250 shares, corresponding to SEK 5500, with a subscription price of SEK 22 per share;
* The subscription price corresponds to a company valuation of approximately SEK 850,000,000 (pre-money);
* The registration period will take place from 2nd October to 11th October 2017;
* Liquid day calculated on October 16, 2017;
* Preliminary first trading day on Nasdaq First North is 19th October 2017. This timing depends on the completion of a number of administrative processes. Global Gaming’s target is for the first day of trading to commence on 19th October 2017.
The company provides B2C and B2B gaming products and services to partners and consumers in regulated and emerging markets around the world. Its flagship Ninja online casino carries over a hundred slots powered by tier one developers like NetEnt and Play’nGO.
