Mobile game publisher Playtika announced today it has filed for an initial public offering (IPO). The Israel-based company filed its confidential S-1 registration statement with the U.S. Securities and Exchange Commission.
The company hasn’t set a price or timing for its IPO, but Playtika has been working toward going public since last year. Now it has a window of opportunity as gaming stocks are riding high, mostly because people are playing while sheltering in place during the pandemic. This window won’t necessarily last forever, particularly if bad economic news knocks the markets down again. But plenty of companies are lining up to take advantage of the moment.
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