Mobile game publisher announced today that it has in an initial public offering. The Israel-based company filed its confidential S-1 registration statement with the U.S. Securities and Exchange Commission ahead of the IPO.
The company hasn’t set its price or timing for its IPO, but the company has been working toward an IPO since last year. There’s a window of opportunity for IPOs as gaming stocks have been riding high during the pandemic, mostly because people are playing more games while sheltering in place. This window won’t necessarily last forever, particularly if bad economic news knocks the markets down again. But plenty of companies are taking advantage of the opportunity.
Robert Antokol started Playtika a decade ago in Israel as a social casino game company.