Score Media & Gaming has decided to launch Initial Public Offering (IPO) to go live on the Nasdaq Global Select Market (NGSM).
The company operates the Score and Score Bet gambling brands and recently got the approval for its single-event sports wagers. Now the Canada based operator intends to launch IPO.
Last week the company decided to reverse split that would result into cutting out few of the available shares while increasing the per-share price. Additionally, Score Media is likely to benefit from the recent single game wager which lead to its stock price skyrocketing.
Score Media in its IPO, is likely to sell five million shares and has announced its underwriters which are- Canaccord Genuity, Credit Suisse, Macquarie Capital and Morgan Stanley.
The said underwriters have 30 days to respond to the proposal which means they will purchase top 15% of the shares.