Mobile games giant Playtika has offered up crucial financial information in its initial public offering.
As reported by VentureBeat, the Israeli company has seen $2.3 billion in revenue over the past 12 months. However, that is counterbalanced by a debt that also sits at $2.3 billion.
Moreover, it is unknown how much the company aims to raise with its IPO, but a peek at InvestGame would indicate that the company is seeking a valuation of $10 billion with the hopes of bringing in more than $1 billion.
Furthermore, Alpha Frontier, who purchased Playtika in 2016 for $4.4 billion, will only sell a certain number of shares to the public. Therefore, Shi Yuzhu, the owner of Alpha’s parent company – Giant Investment Group – will maintain control of the Best Fiends developer.
Currently, there is no price for the shares, nor is there a date for when Playtika will join the Nasdaq stock market.