Israeli video game company Playtika listed on US stock exchange

• Date: 17 January 2021
• Author: JERUSALEM POST STAFF
• Published date: 17 January 2021

The offering includes 18,518,500 shares by Playtika and 50,981,500 regular shares offered by another shareholder. Buyers will have 30 days to buy an additional 10,425,000 shares for the price of the initial public offering, once other fees have been cleared.

Regular trading began on Friday under the ticker symbol PLTK. Shares surged 34% the day after its IPO on Thursday, Reuters reported.

Playtika was founded in 2010 and has more than 35 million monthly active users. Its games include Bingo Blitz and Slotomania.

In 2016, a group of Chinese investors, including Giant Network Group Co. Ltd. and Yunfeng Capital, a private-equity firm...