NeoGames S.A. (NGMS) Plans to Raise $72 Million in November 19th IPO

NeoGames S.A. (NGMS) expects to raise $72 million in an IPO on Thursday, November 19th, IPO Scoop reports. The company will be issuing 4,800,000 shares at $14.00-$16.00 per share.

In the last twelve months, NeoGames S.A. generated $44.2 million in revenue and $3.4 million in net income. The company has a market-cap of $369.3 million.

Stifel served as the underwriter for the IPO and Macquarie Capital and Truist Securities were co-managers.

NeoGames S.A. provided the following description of their company for its IPO: “We are a technology-driven business that is an innovator in the lottery industry. As a global B2G and B2B technology and service provider to state lotteries and other lottery operators, we offer our customers a full-service solution that includes all of the elements required for the offering of lottery games, including Instants and DBGs, via personal computers, smartphones and handheld devices (“iLottery”). DBGs are draw-based games such as Powerball. (Note: This company is incorporated under the laws of Luxembourg. But according to the prospectus: “Our principal executive offices are located at 10 Habarzel Street, Tel Aviv, 6971014, Israel. Our telephone number at this address is +972-73-372-3107.”) “.

NeoGames S.A. was founded in 2014 and has 120 employees. The company is located at 5, RUE DE BONNEVOIE L-1260 LUXEMBOURG, GRAND DUCHY OF LUXEMBOURG and can be reached via phone at +352-2040119020 or on the web at https://www.neogames.com/.

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