Playtika‘s filing for an initial public offering reveals key details about the mobile game company’s financial performance. The company’s social casino games, including Slotomania and other titles, have generated $2.3 billion in revenues in the past 12 months, but the Israeli company also has $2.3 billion in debt.
Playtika hasn’t said how much it is raising yet. But game investment site InvestGame said in a post that Herzliya, Israel-based Playtika was rumored to be raising more than $1 billion at a $10 billion valuation. That’s a much higher valuation than in 2016, when a consortium led by China’s Giant Investment Group, through the subsidiary Alpha Frontier, bought Playtika for $4.4 billion.
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