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Playtika's IPO would come amid a surge in demand for mobile gaming, as more consumers stay and operates apps for poker and solitaire, could be valued at around $10 billion in the IPO, the sources added. June 1,


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Playtika's IPO would come amid a surge in demand for mobile gaming, as more consumers stay and operates apps for poker and solitaire, could be valued at around $10 billion in the IPO, the sources added. June 1,


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Founded in , Playtika currently boasts 27 million monthly active users, according to its website.

Reuters - Playtika Ltd, a mobile gaming company owned by a Chinese investor group, has hired investment banks to prepare ipo poker 2020 a U.

Playtika and Morgan Stanley declined to comment. The sources requested anonymity as the matter is confidential.

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Playtika's IPO would come amid a surge in demand for mobile gaming, as more consumers stay home during lockdowns aimed at curbing the COVID pandemic. The Chinese coffee chain said in May that Nasdaq had notified it of plans to delist it from the exchange, a month after it disclosed that some employees had fabricated sales accounts. Playtika has hired Morgan Stanley and other banks to underwrite the IPO and is aiming to go public either later this year or early in , the sources said, cautioning that the timing, valuation and deal size are subject to market conditions. The IPO market has seen a significant pickup following the pandemic-induced stock market downturn, as investors place bets on newly listed companies benefiting from an expected economic recovery. Last month, the U. Playtika's preparations illustrate how some Chinese-owned companies continue to pursue U. Senate passed a bill which, if enacted into law, would make U.