Light & Wonder to Evaluate a Potential Listing on the Australian Securities Exchange

By | March 16, 2023


Light & Wonder Incorporated today announced that it is evaluating a potential secondary listing of its shares on the Australian Securities Exchange (ASX) in addition to the Company’s existing primary Nasdaq listing. Light & Wonder Incorporated will be consulting its shareholders as part of this evaluation.

The Light & Wonder Incorporated Board of Directors has considered a range of options to accelerate the company’s strategic journey as a global leader in cross-platform games and entertainment and enhance overall shareholder value. The board sees substantial potential benefits for the company and its shareholders in pursuing a secondary listing on the ASX, including:

Enhancing the company’s profile in Australia, one of the leading markets for the company’s gaming business; and

Giving the company access to new long-term Australian institutional investors that would complement its strong existing base of shareholders in the United States and Australia.

“The ASX is a premium market with a long track record as a platform for global gaming companies and a deep and liquid pool of sophisticated investors and market participants who have a strong understanding of the gaming business,” Jamie Odell, Executive Chair of the Light & Wonder Incorporated Board of Directors, said. “We believe they will appreciate the value and long-term potential of Light & Wonder Incorporated’s broad international business and strategy. We look forward to engaging with the market and our current shareholders on a potential secondary listing.”

Light & Wonder Incorporated intends to update the market only once its evaluation is complete and it has made a decision whether to proceed with an ASX secondary listing. There is no assurance that the company will decide to pursue such a secondary listing.

Powered by WPeMatico

Leave a Reply

Your email address will not be published. Required fields are marked *