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Israel based, China owned gaming company Playtika prepares for $1 billion US IPO

Israel based, China owned gaming company Playtika prepares for $1 billion US IPO

Israel based Playtika Ltd, a mobile gaming company owned by a Chinese investor group, has hired Morgan Stanley and other investment banks to prepare for a U.S. initial public offering that could raise around $1 billion. Playtika’s IPO would come amid a surge in demand for mobile gaming, as more consumers stay home during lockdowns.

Gaurav
Gaurav
Gaurav
Gaurav 4 months

The next few months will probably witness many companies with significant Chinese ownership plan to list on US bourses.

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