Korean gaming firm DoubleDown readies $209m US listing

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By Jonathan Breen
19 Jun 2020

Online casino gaming company DoubleDown Interactive has set the terms for its Nasdaq IPO, preparing the first South Korean listing on a US bourse in nearly a decade.

The company is looking to raise up to $209m from its IPO, offering 11m American Depository Shares (ADS) at $17 to $19 each. The ADRs will represent 550,000 common shares.

DoubleDown is issuing 5.5m primary ADS, while the remaining stock is being provided by Korean venture capitalist ...

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