Chinese-owned mobile games firm Playtika has confidentially filed for an initial public offering.
As reported by Reuters, the paperwork has been filed with the US Securities and Exchange Commission. However, the number of shares on offer in the IPO and the prices that come with it are unknown.
The Best Fiends publisher has hired a number of banks to work on the IPO and is expected to go public either in the tail end of 2020 or early 2021. It is reported that the company could be valued at $10 billion for the initial public offering.
Playtika first began to consider an international IPO last year after its latest Chinese deal fell through.
Moving forward
Currently, it is unknown as to what the Israeli-based firm will use the money generated from the IPO for.
It could be that the social casino and casual games publisher will consider an expansion with the money generated from an IPO. In 2019, Playtika acquired Best Fiends developer Seriously.
Furthermore, in December 2018, the company acquired Berlin-based developer Wooga.
