Mobile-games developer Playtika files for IPO


Date: 11.01.2021

Playtika Holding (PLTK) plans to raise $1.6 billion at a $9.7 billion market cap. The company is a leading developer of mostly casino-based mobile games, producing nine of the top 100 highest grossing games in the US. The company primarily grows its game portfolio through acquisitions. Playtika is profitable with strong cash flow generation, though its two top titles accounted for half of FY19 revenue.

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