W Games ready to list DDI Nasdaq
Double-down Interactive (DDI), a subsidiary of W Games, has appointed Kim & Chang and Greenberg Traurig as legal advisors ahead of the Nasdaq listing in the United States next month. It is expected to have a positive impact on WG Games shares after listing.
According to related industries on the 25th, DDI will decide on the public offering price on the 30th and will be listed on Nasdaq on the 7th of next month. DDI is a company that develops and services social casino game ‘Double Down Casino‘. The IPO price ranges from $17 to $19 per share. The median IPO amount is $ 198 million and the market capitalization is $ 896 million. After listing, WG Games’ stake in DDI is 60.2%.
DDI listing is expected to be positive for W-Games shares in the future. In fact, W-Games has recently attracted institutional buying.The agency net bought 32.4 billion won worth of WU Games shares by the 24th of this month, and foreigners also had a 4 billion won buying advantage during the same period.