GAN aims to raise $34.5m from IPO

| By contenteditor
Gambling software provider GAN has set out plans for its initial public offering (IPO), through which it aims to raise up to $34.5m.

Gambling software provider GAN has set out plans for its initial public offering (IPO), through which it aims to raise up to $34.5m (£27.7m/€31.8m).

Pursuant to a registration statement filed with the Securities and Exchange Commission, GAN will place 4,055,000 ordinary shares at a price of between $6.50 and $8.50 per share.

GAN also said it expects to grant the underwriters a 30-day option to purchase up to an additional 608,250 ordinary shares at the IPO price, less underwriting discounts and commissions.

Should the IPO go ahead as planned, GAN would list its ordinary shares on the Nasdaq Capital Market under the symbol ‘GAN’, in line with plans announced in February.

Read the full story on iGB North America.

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