Chinese-Owned Playtika Mulls IPO, Reports Say
A failed merger plan with Shenzhen-listed Giant Network Group has caused Playtika to change course and seek an initial public offering in an undisclosed western stock exchange, Chinese media reported Tuesday
Hagar Ravet | 18:23 06.11.2019
Chinese-owned Israeli online gaming company Playtika Ltd. is considering going public, according to Chinese media reports. On Tuesday, Chinese media outlet Caixin reported that a failed merger plan with Shenzhen-listed Giant Network Group Co. Ltd. has caused the gaming company to change course and seek an initial public offering in an undisclosed western stock exchange. Playtika was approached for comment by Calcalist and has yet to respond. reported that Playtika was in the process of expanding its operations in Israel, and is looking to recruit 100 development, analytics, and marketing employees. In August, Playtika acquired Finnish mobile game publisher Seriously, incorporated as Seriously Digital Entertainment Ltd. for an estimated $275 million.