According to the report by the Axios web page, Playtika will keep on to be traded on Nasdaq.


Personal equity agency Joffre Cash is established to buy a sizeable stake in mobile video games developer Playtika (Nasdaq: PLTK), at a premium amounting to around 40% on the closing price tag of the company’s shares yesterday, according to the Axios web page.

The shares will be bought from Playtika’s Chinese managing shareholder, a company headed by Yuzhu Shi, at a valuation of $8.7 billion. The Israeli game titles company will carry on to be traded on Nasdaq.

Adhering to the report, Playtika’s share selling price jumped 32% in right after-several hours trading.

In February this yr, Playtika declared that it was inspecting various strategies for maximizing its worth to shareholders. “As portion of the course of action, the Board intends to think about a comprehensive vary of strategic alternate options, which could incorporate a sale of the corporation or other probable transactions,” the announcement said.

Playtika’s share price fell 45% concerning its flotation in January 2021 and yesterday’s report, to a selling price providing the business a marketplace cap of $6 billion, which compares with $11 billion in the flotation.

Revealed by Globes, Israel business news – en.globes.co.il – on June 28, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



Playtika Nasdaq IPO