Games Global Postpones Initial Public Offering

By | May 14, 2024
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Games Global Limited announced that it has postponed its previously announced initial public offering in the United States. While investor interest was strong, given the continued positive performance of the Company’s underlying business and anticipated trajectory following its recent entry to the U.S. gaming market earlier this year, the Company’s Board of Directors believes it is in the best interests of its stakeholders to delay the offering at this time and will continue to monitor the timing for the proposed offering. The Company will continue to evaluate all strategic opportunities that align with the Company’s long-term strategy.

“While we are disappointed not to be entering the public markets in the near term, meeting with investors during this IPO process has further cemented our confidence in our strategy and that what we are building at Games Global is unique,” said Walter Bugno, CEO of Games Global. “With a strong balance sheet, healthy margins, and meaningful growth, an IPO at this point in time was an accelerator, not an absolute necessity, for our business strategy,” continued Bugno. “Our team remains committed to delivering the most innovative games on the market. We will continue to monitor the capital markets going forward and make the appropriate reconsiderations as to an IPO in the future.”

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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