IPOS - Games Global Withdraws US IPO Plan (UPDATED) | Benzinga
Editor’s Note: This article has been updated with the company’s response.
In a surprising turn of events, Games Global Ltd, a UK-based company known for its online casino games, has decided to pull its initial public offering (IPO) from the U.S.
What Happened: Games Global announced on Monday that it has postponed its initial public offering in the United States. While investor interest was strong, the decision was made due to the continued positive performance of the company's underlying business and the anticipated trajectory following its recent entry into the U.S. gaming market.
According to the company, the board of directors believes delaying the offering is in the best interests of stakeholders and will continue to monitor the timing for the proposed offering, while evaluating all ...